Oil prices fall after peace deal signed – as it happened

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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."