Trump says text of signed US, Iran deal will be released on Friday

President Donald Trump has announced on Monday that a preliminary agreement to end the war in the Gulf has been signed by the US and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.

Trump was speaking alongside French President Emmanuel Macron ahead of this week's G7 meeting in Evian, France.

"The deal's all signed. And the strait is already partially opened, as you know," Trump told reporters shortly after arriving. "On Friday, it'll be completely open."

Asked when the text would be made public, Trump said: "Probably pretty soon. I would say after sometime after Friday... I think sometime in the very near future."

He added any sanctions relief for Tehran was "really a behavioural thing. If they do what they're supposed to do, that starts taking effect."

Trump said he did not know if he would attend the Friday ceremony expected in Geneva, but that US Vice President JD Vance would be there.

In an interview on CNBC, Vance also said the US expects the economically vital waterway would be open without tolls on a long-term basis. "Our expectation is that the Strait is going to be opened in a toll-free way for the long-term," he said. "That's the sort of thing that we're going to figure out in these technical negotiations. You know that there are a lot of very important details to figure out that we're actually going to sit at the table and discuss together and figure out a path forward."

The US and Iran said they had agreed terms to end their war and reopen the strait, news that brought relief to markets, while Trump said on Monday that many ships loaded with oil are already starting to move out of the Strait of Hormuz. "Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern 'Highway,' which is totally safe, secure, and pristine," he wrote in a Truth Social post.

However, the current agreement may hinge on an end to hostilities in Lebanon and defers talks on Tehran's nuclear programme.

While still a framework, the deal marked the biggest breakthrough towards resolving the conflict that has killed thousands and upended energy markets since it began with joint US-Israeli strikes on Iran in February.

Vance said Iran's foreign minister and House speaker will represent Iran at the signing in Switzerland on Friday and many details of the deal are still to be sorted out. He did not say who would represent the US at the signing.