US Vice President JD Vance announced that the long-discussed agreement between the United States and Iran was digitally signed last Sunday. Speaking on ABC News’ “Good Morning America,” Vance clarified that no new financial benefits or fund releases were part of the deal and that this position would not change in the future. His remarks marked the first public confirmation that the digital signing had been completed.

Earlier the same day, US President Donald Trump stated that a formal signing ceremony would take place on Friday in Switzerland. He added that one key provision of the agreement—reopening the Strait of Hormuz—would take effect after the official signing. Trump said the reopening would allow mine removal operations and restore normal oil flow through the vital waterway.

Analysts cited in the report suggested that reopening the Strait of Hormuz, one of the world’s most important energy transport routes, could have a positive impact on global oil markets.