US Vice President JD Vance described that the peace agreement between Washington and Tehran stands centred on three key pillars-- preventing Iran from acquiring a nuclear weapon, ensuring the Strait of Hormuz remains open and offering economic incentives to Iran if the country "transforms" itself.

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

VP JD Vance says Iran could access a $300B reconstruction fund if it honors a US peace deal, as Treasury sanctions Iranian crypto exchanges and Bitcoin