The interim deal between the U.S. and Iran is supposed to usher in a two-month period that would address Tehran’s nuclear program.

The agreement, as read by senior U.S. officials, allows Iran to immediately begin exporting oil and petroleum products. The Obama-era Iran deal was packed with technical details and specific requirements limiting, but not shutting down, Iran's nuclear program. President Trump's new agreement is more of a framework, and it's not final yet.

The US President also added that Israel has also expressed its commitment to halt strikes and reach a peace deal.

The Saudi deal stoked surprise and immediate concern across Washington, as well as in Israel, itself a nuclear power that has long feared an atomic arms race could grip the region.

The president on Saturday night announced he canceled a WW II-level pummeling of Iran after the country lobbied the U.S. to pause the anticipated barrage

President Trump is trying to improve on the Obama-era Iran deal after failing to get a military victory.

One senior U.S. official said Iran should vow to reopen the Strait of Hormuz by Saturday or will face consequences.

The U.S. signed a nuclear deal with Saudi Arabia, which is a major shift in policy. Could it spark a dangerous regional arms race, including with Iran?

How Trump’s Saudi deal could spark a nuclear arms race in the Middle East - IN DEPTH: Riyadh has previously said it will only seek to acquire a nuclear weapon if its rival Iran develops one. With Trump’s war failing to curb Tehran’s nuclear programme,