The U.S. released the official text of the Iran deal:

This is a rush transcript. Copy may not be in its final form.

NERMEEN SHAIKH : The United States and Iran have officially signed a memorandum of understanding aimed at ending the war in Iran. The signing came a day ahead of schedule. President Trump signed the agreement at a dinner at the Palace of Versailles hosted by French President Emmanuel Macron. Iranian President Masoud Pezeshkian signed the agreement in Tehran.

The 14-point agreement calls for an immediate end to fighting on all fronts, including Lebanon; the full resumption of maritime traffic through the Strait of Hormuz; the lifting of the U.S. blockade; the easing of sanctions on Iran; the unfreezing of Iranian assets; and a $300 billion investment fund to rebuild Iran.

AMY GOODMAN : But the deal also leaves many major questions unresolved about Iran’s nuclear program. Iran’s lead negotiator, Mohammad-Bagher Ghalibaf, said, quote, “Everything we sought to achieve through military action, we obtained several times over through negotiation; it ​was not even comparable,” he said. Just hours before signing the deal, President Trump spoke at the G7 summit and issued a new threat to Iran.

PRESIDENT DONALD TRUMP : It’s a memorandum of understanding. And if I don’t like it, we’ll go back to shooting at them, dropping bombs on their head. If I don’t like it, if they don’t behave, we’ll go right back to dropping bombs right smack in the middle of their head.

AMY GOODMAN : We’re joined now by Vali Nasr, an Iranian American professor of international affairs and Middle East studies at Johns Hopkins School of Advanced International Studies. He recently co-authored a piece in Foreign Affairs headlined “Iran’s New Grand Strategy: How a Remade Islamic Republic Will Reshape the Middle East.” He’s also author of the book Iran’s Grand Strategy: A Political History .

Professor Nasr, it’s great to have you back. If you can start off by responding to this memorandum of understanding that President Trump signed in Versailles, obviously meant to bring us back to the end of World War I? The Iranian president, of course, signed remotely. But talk about the significance of what we have finally learned are the 14 points.

VALI NASR : Thank you very much for having me back.

I think, first of all, the most important part is that President Trump decided to sign this himself rather than have Vice President JD Vance do it, which then now means that he basically owns this document. I think it’s important in the sense that it ends this war. It closes the parenthesis on a hundred days of both hot war and economic war that has devastated the global economy.

At face value, and the way in which the political commentary, particularly in the West and the United States, is interpreting it, is that this is a major strategic setback for the United States. The U.S. started this war with the belief that it will destroy the Islamic Republic within days. President demanded the utter surrender for Iran. And now he has to settle for an agreement.

And the way this agreement reads, it looks like that the United States is more eager for this war to end than Iran is. The United States has given Iran a great deal of economic incentive in order to agree to sign this agreement, end the war, and then agree to negotiate over the larger issues which supposedly caused the war in the first place.

And also, it’s very clear that in Iran, they’re very triumphant. They think this is a big victory for them, not only that they survived the war, but that they forced the president to sign this agreement. And more importantly, everything the president said yesterday was breaking taboos: Iran can have enrichment; Iran can have missiles; Israel cannot destroy buildings in Lebanon at will, or should not; and that Iran is entitled to have its own frozen assets taken back — given back to the country.

NERMEEN SHAIKH : And if you could comment, Professor Nasr, on the fact that Lebanon figures in the very first point of this memorandum, and the fact you’ve called this agreement a success for Iran because it’s created, as you said, a fissure between the U.S. and Israel? If you could elaborate on that, and what you see as the risks, given that Israel had — was not consulted on this agreement, and it’s very unclear that it will go along with it?

VALI NASR : Well, first of all, the war was a moment of triumph for Israel, because it convinced the United States to basically go to war to realize what is essentially, and at its core, Israel’s strategic aims, which was the destruction of the Islamic Republic through military means. The war did not pan out the way that President Trump understood it would, and that already was a fissure. Now, the president trying to get out of this war the best he can has led him down a path that accepts the continued existence of the Islamic Republic, giving money to the Islamic Republic, talking to the Islamic Republic, all of which are basically strategic setbacks for Israel, and partic…