00:00the pakistanis who have been helpful in mediating this agreement with the iranians
00:03they've asked us not to release the full text for a little while that it'll come out at the
00:08latest on friday we're actually trying to push them to get it out today because we want to tell
00:11the american people what's in this deal it's fundamentally a good deal for the american
00:15people but it's it's also very simple and i've also seen some some misrepresentations about it
00:19so in in short what it does is it opens the straight of hormuz immediately this is why you
00:24see oil prices down in the 70s from a high in the 120s is because you're seeing the straight
00:29already open its traffic to the flow of oil and gas it also provides a framework whereby if the
00:35iranians give us what we need on stopping the funding of terrorism on no longer pursuing a
00:40nuclear weapon then they can get some benefits be re-invited into the world economy
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