Summary:

• Iran will not have a nuclear weapon under the new deal.

• The agreement includes strong policing and enforcement powers.

• Trump: Obama's JCPOA was a horrible deal that led toward a bomb.

• Past U.S. payments to Iran were a failed bribe attempt.

• Sanctions relief will only happen if Iran complies with terms.

• Iran gets no money or relief just for signing the deal.

• A deal has been electronically signed by Iran's Ghalibaf, according to US officials cited by CNBC

• Opening the strait will take time due to mines, and to expect an increase in traffic in 1-2 weeks

• Details to be released in 24-48 hours

• Trump: Ships starting to move through strait or Hormuz

• Vice President JD Vance Begins Optics Roadshow to Boost Investor Confidence On Deal 

• Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening

Deal Done

CNBC is reporting that a deal between the US and Iran has been electronically signed by Iranian parliament speaker Mohammad Bagher Ghalibaf. According to an unnamed US official, the US-Iran MOU provides for the 'immediate' reopening of the Strait of Hormuz, however - while President Trump said earlier that ships were beginning to move, the US official then said that reopening the strait would 'take time' due to mines, and that we can expect an increase in strait traffic over the next 1-2 weeks.