Middle East crisis live: agreement signed by US-Iran presidents; Tehran claims it will charge ships to transit strait of Hormuz

Memorandum of understanding signed off on Wednesday; Tehran will charge ships after the 60-day negotiation period has ended, says chief negotiator

Trump also addressed media reports of a leaked US-Iran deal (see post at 11:57), denying claims it includes a $300bn reconstruction fund for Tehran.

“We’re not putting up 10 cents,” he said. “We are not investing and we do not have a fund.”

It’s not final. 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, okay, because they’ve misbehaved for 47 years.”

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