US VP Vance says that the Iran agreement will have a two-step verification process; Iran deal will immediately reopen the Strait of Hormuz and provides long term commitment that Iran will not build a nuclear weapon

Already seeing more traffic flow through the Hormuz. Lots of details still need sorting out. Expects the Strait to be open and toll-free long term.  Will see where Iran is willing to make concessions. Hopes to release text this week.