Evian, June 17 -- Ahead of the formal signing of the peace deal with Iran, US President Donald Trump on Wednesday characterised the Memorandum of Understanding (MoU) with Tehran as a "very strong" framework, and stressed Iranian leaders are "ready to make a deal".

During a bilateral meeting with Prime Minister Narendra Modi on the sidelines of the G7 Summit, the US President expressed confidence in the resolve of the parties involved to move forward with the finalised terms.

"This is a Memorandum of Understanding (MoU) but it is a very strong one. This isn't just like a two paragraph and this is a longer and detailed memorandum that goes into a regular contract," the US President said.

"I think they would do it. If they don't, that's o...