President Trump declared victory on his 80th birthday, announcing a deal with Iran and the "toll free opening of the Strait of Hormuz." However, the full text remains secret until a planned signing ceremony Friday in Geneva.

Off the Record

Behind the scenes, cracks are appearing. Vice President JD Vance contradicted Trump's claims in a CNBC interview, revealing the Strait's long-term toll-free status is not yet decided but subject to future technical negotiations....