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Good morning, I'm Craig DeGrelli. The fighting may be over, at least for now. The United States
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and Iran have officially signed a peace agreement, starting a 60-day push to reach a final deal
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on Iran's nuclear program. This was not easy. I can tell you
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The agreement took effect immediately after President Trump signed it. Under the deal
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Iran agrees to address its enriched uranium stockpile in future talks, while the U.S. moves toward lifting sanctions and allowing Iranian oil exports to resume
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Critics argue the agreement gives Tehran too much leverage going into the next round of negotiations
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Trump defended the deal, saying it prevents a broader economic shock. So the one thing I didn't want to see is I didn't want to see economic catastrophe
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If you kept this going, that could have happened. But all I know is every time we talked about the possibility of peace
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the stock market shot up like a rocket ship. It never went down. They didn't like it. The people, you know, the stock market is more brilliant than anybody there is, including the people on this stage other than me, of course
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Iran's president also signed the agreement, which the two sides were originally expected to formalize in Switzerland on Friday
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Trump also warned that if Iran violates the deal, the U.S. would respond forcefully
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Pakistan, which helped mediate the agreement, also signed the document. Markets responded positively to the news
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Oil prices have fallen sharply from their wartime peaks, and the national average for the price of a gallon of gasoline has dropped below $4 a gallon for the first time since March
