US VP Vance says that the Iran agreement will have a two-step verification process; Iran deal will immediately reopen the Strait of Hormuz and provides long term commitment that Iran will not build a nuclear weapon
- Already seeing more traffic flow through the Hormuz.
- Lots of details still need sorting out.
- Expects the Strait to be open and toll-free long term.
- Will see where Iran is willing to make concessions.
- Hopes to release text this week.
#GEOPOLITICAL#IMPORTANT#ENERGY#EU SESSION#US SESSION#WTI#COMMODITIES