US and Iran to sign peace deal in Switzerland, Vance says

Vice President JD Vance announced that the US and Iran will sign a peace deal in Switzerland, with Vance leading the US team. The deal includes US assistance to Iran in destroying enriched uranium, monitored by the IAEA, and aims to reopen the Strait of Hormuz without tolls. President Trump may release the deal before Friday.

Some reactions are cautious: a tanker giant warned the deal must be 'material' for the Strait to reopen, and a lawmaker named Lee welcomed the agreement, hoping for resumed passage through the strait. The deal follows earlier claims by Trump dismissing reports of US payouts to Iran, as Vance pointed to a Gulf-led fund.