Iran says initial peace deal to end war with US requires Israel to withdraw from Lebanon

[00:00:00]Tonight, President Donald Trump is at the G7 Summit in Switzerland facing questions about the US deal to end the war in Iran. No details have been offered and lawmakers are asking to see the agreement in full. Here's ABC's Reena Roy.

[00:00:15]>> President Trump is touting a US-Iran deal that would end the war.

[00:00:19]>> We have a deal that's a fair deal. It's a good deal.

[00:00:21]>> Trump says the memorandum of understanding has been signed, but the details are unclear. Republican senators have requested the text, but they they've still got nothing.

[00:00:31]>> Moving in the right direction, we hope, but the devil is going to be in the details. We're going to wait and see what this looks like on paper first.

[00:00:39]>> facing growing pressure to release it as he meets with European allies at the G7 Summit.

[00:00:45]>> There's so much interest in the text of the document. Why not Why not release the text?

[00:00:49]>> Oh, I will.

[00:00:49]>> Why not release it before you go?

[00:00:51]>> I I'd like to get a formal setting first before we do that.

[00:00:54]>> Israel also putting in a request to the US to see the agreement, but according to an Israeli source and a US official familiar with the matter, that request was denied. Vice President J.D. Vance has described the agreement as a very general document about a page and a half long. President Trump would only say this about what it includes.

[00:01:14]>> It usually says Iran will never have a nuclear weapon.

[00:01:17]That's what it says.

[00:01:18]>> Senate Democratic Leader Chuck Schumer demanding transparency and briefings for lawmakers.

[00:01:23]>> No one quite understands what Trump is up to.

[00:01:28]And now he's keeping everybody in the dark.

[00:01:30]>> The US agreeing to lift the blockade of Iranian ports, Iran reopening the Strait of Hormuz. After that, 60 days of talks to address the future of Iran's nuclear program. Iran's top diplomat says the tentative deal would require Israel to withdraw from Lebanon, a condition Israel has already rejected. Still unclear what kind of financial reward Iran has been promised. The Wall Street Journal reports the agreement allows Iran to start selling oil immediately.

[00:01:58]Rena Roy, ABC News, New York.

[00:02:02]>> President Trump says once the war is over, gas prices would drop, but that may not happen quickly. Oil prices hit the lowest levels this week since the start of the war with Iran, but crude oil prices are still $10 more per barrel than they were before the conflict began. Experts say there are ships that can pass through the Strait of Hormuz quickly, but Iran laced the strait with mines, so these stuck full ships will have to hug the coastline carefully to avoid them as the US Navy works to clear the explosives. It could take a month to fully get back to pre-war flow in the strait. And if you're looking for the cheapest place to fill up your tank in the metro, Local 5 has you covered. Just text gas to the number on your screen and a list will be sent to you. That is 515-457-1026.