Washington DC, June 17 -- US Vice President JD Vance described that the peace agreement between Washington and Tehran stands centred on three key pillars-- preventing Iran from acquiring a nuclear weapon, ensuring the Strait of Hormuz remains open and offering economic incentives to Iran if the country "transforms" itself.

The Vice President made the remarks in an interview to Fox News and said, "The agreement is actually very simple. One, Iran can't have a nuclear weapon. Two, the Straits of Hormuz are open. And number three, there are all of these benefits contemplated that the Iranians can get if they behave."

He added that any economic benefits available to Tehran would depend on the country ending support for "terrorism" and abando...