US Vice President JD Vance has outlined a three-point framework at the centre of a proposed peace agreement between Washington and Tehran, stressing that Iran must forgo nuclear weapons, keep the Strait of Hormuz open and meet strict conditions before receiving any economic benefits.

US Vice President JD Vance said on Monday that no funds would be released to Iran in exchange for signing an agreement to halt the war and open the Strait

VP JD Vance says US economic incentives for Iran hinge on compliance, not signatures, as the Trump administration pursues a sweeping nuclear grand bargain.