Details of the 14-point agreement revealed as senior US officials claim ‘major win’ despite significant concessions to Tehran

• Reaction: Donald Trump’s Iran deal met with anger, relief and incredulity

• Analysis: Trump’s Iran deal is result of unrealistic ambitions for an untenable war

Donald Trump has signed a 14-point agreement with Iran, claiming it delivered a “major win” for the United States – even as it made significant political and financial concessions to Iran to reopen the strait of Hormuz and prevent a “worldwide depression”.

In extraordinary remarks on Wednesday, Donald Trump went from threatening Iran with a new wave of attacks to suggesting the country had basic rights to enrich uranium for civilian use, that he would not pressure Tehran to abandon its ballistic missiles programme and the US was “going to have to give back” billions of dollars in frozen Iranian assets.

French president welcomes group’s unity after ‘very deep change’ in Washington’s approach

Emmanuel Macron has said the whole of the G7, including the US, recognises “the territorial integrity of Ukraine” as he hailed a “re-synchronisation” of positions on the issue.

The French president welcomed a “very deep change in the US approach”, saying Donald Trump and all the leaders present at the G7 summit at Évian-les-Bains understood that Vladimir Putin was not interested in peace.

Joint statement welcomes Trump’s deal with Iran to end war and calls for further talks involving European leaders

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Donald Trump has backed a joint G7 leaders’ statement that welcomes the deal he has struck with Iran but says a follow-on agreement is necessary to rein in Iran’s ballistic missile programme, an issue not directly addressed in the memorandum of understanding that is due to be signed on Friday by Iran and the US.

The statement says future negotiations with Iran would benefit from the involvement of a wider group of regional and international actors including the UN nuclear weapons agency, the IAEA.