British-Iranian man charged over arson at London memorial wall

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Wednesday that the Islamic Republic must move beyond confrontation and focus on economic development.

“We must take over the trench from the launcher boys, lift people out of economic pressure and build the country,” he said at a meeting on China-related economic policy with Iran’s chamber of commerce.

Ghalibaf, who lead Tehran’s negotiating team with the United States, described China as a unique trade partner for the Islamic Republic and said Beijing must believe that Tehran is “a partner in the full sense” for China.

He said any bloc formed with Persian Gulf littoral states would “certainly” be centered on China and the Islamic Republic.

US President Donald Trump said on Wednesday that the memorandum of understanding with Iran did not include immediate sanctions relief, but that the issue would be discussed later.

Speaking during a meeting with Egyptian President Abdel Fattah al-Sisi at the G7 summit in Évian-les-Bains, Trump said the MOU was not final and warned that if he did not like the agreement, “we will go back to dropping bombs.”

Trump also said reports of a $300 billion fund in the Iran deal was false, adding that the United States was not investing in it.

Trump said the agreement’s main point was that Iran would never have a nuclear weapon, and said the Strait of Hormuz was already partly open and would fully reopen “over the next day or two.”

The US Treasury Department will immediately issue waivers for exports of Iranian crude oil and petrochemical products after the US-Iran memorandum of understanding is signed, Bloomberg reported on Wednesday, citing a copy of the deal it had seen.

The United States will also end its naval blockade of Iranian ports, while the two countries will work to restore maritime traffic through Hormuz to prewar levels within 30 days, according to the report.

The agreement outlines a broad economic boost for Iran in exchange for ending its chokehold on the Strait of Hormuz and reiterating its commitment never to seek a nuclear weapon, the report said.

Iranian Foreign Minister Abbas Araghchi said on Wednesday that he briefed Russian Foreign Minister Sergei Lavrov on the US-Iran memorandum of understanding in a phone call.

He said Lavrov welcomed the MOU and expressed Moscow’s support for its implementation.

Araghchi said the United States was responsible for properly implementing the MOU and stressed the need for a complete halt to Israeli strikes on Lebanon.

US Ambassador to Israel Mike Huckabee suggested on Wednesday that every member of Hezbollah and Hamas be deported to Iran, saying the move would free Lebanon and Israel from Tehran’s proxies.

Huckabee said in a post on X that Iran was demanding that Israel stop defending its border against Hezbollah while a Gaza peace plan depended on Hamas disarming.

“Every member of Hezbollah & Hamas DEPORT to ‘Mothership’ in Iran,” he wrote. “Result? Lebanon & Israel free from Iran terror proxies. Give PEACE a chance!”