Vance says 60-day period in Iran deal begins Thursday

US Vice President JD Vance confirmed that the 60-day window for negotiations on the Strait of Hormuz governance has officially begun, with key issues to be resolved.

U.S. Vice ‌President JD ​Vance said the 60-day window laid out in a memorandum of ‌understanding approved by President Donald Trump and Iranian leaders begins on Thursday.

"I would say the 60-day period officially started today," Vance ‌told reporters at a White House briefing. Asked ‌what happens after the 60-day period in terms of governance of the Strait of Hormuz, Vance repeated the U.S. view that the ⁠major ​supply route ⁠for oil and gas shipments should be free of tolls. Iran ⁠effectively closed the waterway during the war. "The final negotiations can ​set the terms of what comes afterwards," Vance said. The ⁠interim pact signed by President Donald Trump and Iranian leaders kicked ⁠the ​hardest issuesdown the road to the next phase of negotiations, with no guarantee they will ever ⁠be resolved. Most analysts are skeptical the two sides can forge ⁠a ⁠final settlement within the 60-day window laid out in the memorandum of understanding.