Trump Admin Confirms Term Sheet Signed With Iran Opening Strait of Hormuz

What was said

"Well, this one's real, so. People can always change their minds, but this one is real. The first is that the Straits of Hormuz opens effectively immediately, and the blockade is lifted effectively immediately. The deal is you're not going to behave like a normal country. We're not going to engage in normal trade transactions with you."

Vance confirmed Iran has signed a term sheet agreeing to open the Strait of Hormuz, give up highly enriched nuclear material, and submit to long-term inspections in exchange for sanctions relief. This marks the first concrete agreement after weeks of false deals. The Vice President expressed confidence the regime has coalesced around the negotiation despite internal fractures between political, clerical, and military poles.