LIVE: Vice President Vance gives a briefing

Oil shipments surge through Hormuz

12.5 million barrels transited the strait last night, the highest volume since the conflict began, pushing gas prices below $4 per gallon for the first time since hostilities started.

Military standdown holds for second night

Iran has ceased attacks on shipping while CENTCOM permitted over a dozen vessels through the U.S. naval blockade, indicating early mutual compliance with the agreement.

60-day verification period activated

The compliance window officially began today under Iran's time zone, establishing the timeline for monitoring sustained behavioral changes and deal performance.

Nuclear program remains incapacitated

Iran's enrichment facilities and weapons development infrastructure are completely destroyed, leaving the country currently unable to construct a nuclear weapon even if it attempted to do so.

Conventional capabilities severely degraded

U.S. strikes destroyed substantial numbers of ballistic missile launchers and conventional military assets, eliminating Iran's capacity to threaten regional neighbors.

Self-defense limits in final deal

While nations retain basic defense rights, any final agreement will prohibit Iran from possessing missiles that threaten global security and require verified cessation of terrorism funding.

Lebanon stabilization component

The agreement requires Hezbollah to cease attacks on Israel and limits Israeli operations, with the goal of transitioning southern Lebanon security control to the elected Lebanese government.

Strait of Hormuz governance framework

Following 60 days of toll-free passage, Oman, Iran, and Gulf Cooperation Council states will negotiate a permanent security arrangement to prevent future economic chokepoints.

Gulf Arab coalition endorsement

Regional states strongly support the current framework, contrasting with their opposition to the 2015 JCPOA, viewing the deal as ensuring security regardless of Iranian compliance.

Zero U.S. taxpayer funds involved

Iran will receive no American money under any circumstances, with all benefits limited to conditional sanctions relief requiring full compliance and destruction of enriched uranium stockpiles.

Blockade lifting enables oil sales

The resumption of Iranian oil exports stems primarily from lifting the naval blockade rather than sanctions waivers, as previous sanctions had proven ineffective at limiting crude exports.

Congressional briefing planned

The administration will brief Congress on the MOU's compliance with the Iran Nuclear Agreement Review Act and coordinate Treasury Department waiver authorities.