G7 Leaders Discuss Draft Accord on Hormuz, Ceasefire, and Iran Sanctions

Leaders at the Group of Seven summit discussed a draft U.S.-Iran agreement that would reopen the Strait of Hormuz and extend a ceasefire that began earlier this year. The draft calls for the United States to work toward ending U.S. and United Nations sanctions on Iran once a final deal addressing its nuclear program is reached.

Officials dictated the text to journalists after the summit concluded.

The final day of talks opened late when the U.S. president arrived and greeted other leaders with the phrase “I’m the boss.” The assembled leaders laughed before beginning formal sessions. Discussions covered artificial intelligence, economic growth, and concerns that China is flooding markets with subsidized goods. Leaders from India, South Korea, Kenya, and Brazil also participated.

The agreement includes an immediate end to fighting in Lebanon between Israel and Hezbollah. It also contains provisions to protect Lebanon’s territorial integrity after recent Israeli strikes. The U.S. president said of the draft accord, “I think it’ll be done.

” Leaders also pledged to step up efforts against international drug trafficking and migrant smuggling. The U.S. president said he might remain in Europe for Friday’s signing ceremony in Switzerland and joked that any failure would be blamed on the vice president.