President Discusses New Iran Memorandum at G7 Summit

The president told reporters at the G7 summit that a new memorandum of understanding with Iran differs from an earlier nuclear agreement because it aims to permanently block Iran's path to a nuclear weapon. He said the prior agreement had been structured as a short-term arrangement that would have expired, leaving risks unaddressed.

The president stated that the earlier deal could have led to termination for Israel and much of the Middle East if it had continued. He noted that attempts by Israeli officials to alter the earlier agreement through Congress had not succeeded. The president added that the new memorandum offers Iran sanctions relief and investment prospects in exchange for commitments during a 60-day period.

The president said he liked the idea of holding the vice president responsible if the memorandum does not produce a lasting agreement. He indicated he might remain in Europe for a signing or might depart before any ceremony.

“Sure, this way, if it works out, I'm going to take the credit. If it doesn't work out, I'm blaming JD." — President, G7 summit press conference The president described the memorandum as important but potentially not the type of document a president should sign.”