VP JD Vance Announces Start of 60-Day Negotiation Period with Iran
U.S. Vice President JD Vance confirmed that a 60-day 'negotiating clock' for a comprehensive peace treaty with Iran officially began on June 18. The diplomatic process follows a memorandum of understanding aimed at ending hostilites and reopening maritime routes. Vance noted that global oil prices have already dropped to levels not seen since before the conflict began, signaling market optimism regarding the de-escalation of tensions in the Strait of Hormuz and the broader Middle East.