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

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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

Iran’s Foreign Ministry Spokesperson Baghaei says will take measures to ensure safe passage through Strait of Hormuz in coordination with Oman and other countries, will be for a specific time and corresponding to the US own commitments

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  • 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. 

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