S Vice President JD Vance said the last 36 hours of negotiations with Iran were "very productive," resulting in agreements to keep the Strait of Hormuz open, maintain a regional ceasefire, and expand nuclear inspections inside Iran. Vance also stated that increased oil flows—estimated at around 15 million barrels—have helped lower oil prices, which could lead to further declines in gas prices. He expressed confidence in newly established mechanisms designed to preserve regional stability and manage future conflicts.
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Vance: Strait of Hormuz Will Remain Open
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