00:00U.S. officials said that ships will move toll-free through the Strait of Hormuz under an Iran peace deal
00:07signed by President Donald Trump
00:09and insisted that Tehran would have to fulfill its commitments before getting any economic benefits.
00:15Those benefits would include a possible $300 billion U.S. dollar reconstruction fund for the war-battered country,
00:21but the release of funds would be tied to performance, a senior Trump administration official said.
00:26Trump, U.S. Vice President J.D. Vance and Iranian Parliament Speaker Mohammad Bagheer-Ghalibaf electronically signed the deal on
00:35Sunday, the officials said.
00:37Technical talks led by Vance will begin this week before the deal is formally signed on Friday in a ceremony
00:44that is expected to be held in Geneva, Switzerland.
00:47The signing will kick off a 60-day period in which Iran and the United States will try to hammer
00:53out a full-scale peace deal,
00:55including the thorny issue of Iran's new fear program.
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