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

Diary of a CEO · Vice President JD Vance: No One Saw This Coming, The Ceasefire Is Real! · June 18, 2026
Trump Admin Confirms Term Sheet Signed With Iran Opening Strait of Hormuz
Diary of a CEO
Diary of a CEO
Vice President JD Vance: No One Saw This Coming, The Ceasefire Is Real!
"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.

About this episode

On this episode of The Diary of a CEO, host Steven Bartlett interviewed U.S. Vice President J.D. Vance for a wide-ranging conversation covering his childhood trauma, journey from atheism to Catholicism, the Iran peace deal, and concerns about AI-driven inequality. Vance opened up emotionally about his unstable upbringing with a drug-addicted mother and revolving father figures in working-class Ohio, crediting his grandmother as the anchor who saved him from catastrophe. He described how signing up for the Marines after 9/11 out of patriotism ultimately left him jaded about leadership after serving in Iraq, believing George W. Bush exploited America's willingness to serve for an unjustified war. The most newsworthy revelation came when Vance confirmed Iran has signed a term sheet to open the Strait of Hormuz, eliminate nuclear material, and accept inspections in exchange for massive sanctions relief, calling this deal real after weeks of false agreements. He disclosed Trump angrily called Netanyahu with profanity over an attack launched an hour before the deal signing, emphasizing the U.S. is the senior partner and he trusts no one in foreign affairs. Vance became visibly emotional discussing how becoming VP affected his 9-year-old son, saying he felt he ruined the child's life without asking him by subjecting him to constant Secret Service protection and attention. On AI, Vance rejected mass unemployment predictions but warned of dangerous wealth concentration, revealing Trump supports government ownership stakes in AI companies as predistribution rather than redistribution. The conversation closed with Vance discussing his conversion from angry atheism to Catholicism after realizing Christians were the most virtuous people he knew, and confirming he believes aliens could be real and plans to review classified UFO information.

Key takeaways

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