Mat Nuclear

officials, and they read through verbatim the MOU, which was very similar to a lot of the copies of the text that had been going around.

So directionally, it's all the same.

There were some little quibbles.

Listen, opening the Strait of Hormuz I think is a good thing, but we can get into that in a second.

The top line of it, though, that the administration seems keen to make clear, and we'll see what happens over the weekend in Geneva, is that Iran, they'll open the Strait of Hormuz, there will be no tolls whatsoever for 60 days.

Then, again, this is just what I'm hearing.

Don't shoot the messenger.

This is what I'm hearing from the U.S.

But then they even addressed that.

And afterward, you know, they said then there will have to be cooperation among the Gulf states to figure out what the protocol looks like moving forward.

And the argument, at least from the admin, is that the other Gulf states are not going to allow Iran to have a toll on the straits.

So take that for what it's worth.

Then in terms of the sanctions relief, no sanctions relief whatsoever, Iranian oil can flow, but none of the many other sanctions that Trump himself boosted up on Iran will be lifted until after the deal and crucially until after we get nuclear dust.

Now the actual way in which we would get the nuclear dust,

seems to be, you know, a little unclear.

Is it, it could be us actually going in ourselves and taking it.

Uh, but anyway, that, that would have to be figured out.

Then this $300 billion from the Gulf States that again would not include the United States giving a single penny necessarily to it.

It would be the Gulf States themselves investing in Iran to help rebuild Iran, which I think actually could be a decent thing.

Uh, but, uh, and crucially what it would do