Vice President JD Vance is calling the newly signed US-Iran agreement a “great peace deal” and a “win-win for the American people.” The accord, signed on June 15 by officials from both countries, immediately reopens the Strait of Hormuz and sets a 60-day framework for nuclear negotiations.
Oil prices fell from a recent peak near $126 per barrel to roughly $80, a drop that rippled through global markets, crypto included.
What the deal actually says
The agreement is structured as performance-based, meaning any easing of sanctions is conditional on specific Iranian actions, including the destruction of highly enriched uranium stockpiles and granting access to International Atomic Energy Agency inspectors.
The Strait of Hormuz will operate toll-free for a 60-day period while broader nuclear talks proceed.
