VP JD Vance says the US expects Israel to back the new US-Iran memorandum once verification details emerge, as oil prices drop on Strait of Hormuz news.

US Vice President JD Vance is expected to travel to Geneva to sign a memorandum of understanding with Iran, according to a US official cited by The Wall Street Journal.

According to the US Vice President, among other things, the deal means that "Iran will never have a nuclear weapon"

Vice President JD Vance is expected to head to Europe later this week to sign a memorandum of understanding with Iran.