Welcome back to World Brief, where we’re looking at U.S.-Iran peace deal conditions, a potential U.S. trade deal with India, and China’s efforts to combat dollar dominance.

14 Points to End the War

U.S. President Donald Trump oscillated on Wednesday between praising the Iran peace deal and threatening to resume bombing if Tehran does not adequately implement the agreement’s conditions. “It’s a memorandum of understanding,” Trump told reporters at the G-7 leaders’ summit in the French Alps. “If [a final deal] doesn’t get done in 60 days, that’s all right. We go back to bombing.”

Welcome back to World Brief, where we’re looking at U.S.-Iran peace deal conditions, a potential U.S. trade deal with India, and China’s efforts to combat dollar dominance.

14 Points to End the War

U.S. President Donald Trump oscillated on Wednesday between praising the Iran peace deal and threatening to resume bombing if Tehran does not adequately implement the agreement’s conditions. “It’s a memorandum of understanding,” Trump told reporters at the G-7 leaders’ summit in the French Alps. “If [a final deal] doesn’t get done in 60 days, that’s all right. We go back to bombing.”

The U.S.-Iran deal is still set to be formally signed in Geneva on Friday, but a senior U.S. official disclosed the 14-point draft to several U.S. media outlets on Wednesday as Trump held a news conference about it. (Later on Wednesday, Iranian state media also posted the official text.)

Among the text’s main points, the deal declares an “immediate and permanent termination of military operations on all fronts,” including in Lebanon, where Israel and Hezbollah continue to fight. Lebanese state media reported fresh Israeli strikes in southern Lebanon on Wednesday in response to two Hezbollah drone attacks on Israeli troops in the area. The Israeli military said the drones injured five soldiers, one of whom is in serious condition.

G-7 leaders released a joint statement on Wednesday championing recent efforts to impose “an immediate robust ceasefire” in Lebanon. However, Trump took it a step further, delivering a rare rebuke of Israel’s actions in that conflict. “I think they could do better with respect to Hezbollah,” Trump said. “I am not saying they should not protect themselves. I am saying when two drones are shot........

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