00:00What the president did is he basically issued an ultimatum to the Iranians, he said open up the straits, stop
00:05trying to hold the world's economy hostage and will engage in a ceasefire and that's exactly the agreement that we
00:11came to last night. The Iranians have agreed to open up the straits, the United States has agreed to stop
00:16attacking and that not just the United States but also our allies have agreed to stop attacking and that is
00:22the basis of this fragile truce that we have which is now you know 8 to 12 hours old.
00:27We still have clear military, diplomatic and maybe most importantly we have extraordinary economic leverage. So the president has told
00:36us not to use those tools. He's told us to come to the negotiating table but if the Iranians don't
00:40do the exact same thing they're going to find out that the president of the United States is not one
00:45to mess around. He's impatient. He's impatient to make progress.
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