00:02Good morning, I'm Craig DeGrelli. The fighting may be over, at least for now. The United States
00:07and Iran have officially signed a peace agreement, starting a 60-day push to reach a final deal
00:13on Iran's nuclear program. This was not easy, I can tell you.
00:19The agreement took effect immediately after President Trump signed it. Under the deal,
00:24Iran agrees to address its enriched uranium stockpile in future talks,
00:28while the U.S. moves toward lifting sanctions and allowing Iranian oil exports to resume.
00:34Critics argue the agreement gives Tehran too much leverage going into the next round of
00:38negotiations. Trump defended the deal, saying it prevents a broader economic shock.
00:44So the one thing I didn't want to see is I didn't want to see economic catastrophe. If you
00:49kept this going, that could have happened. But all I know is every time we talked about the
00:54possibility of peace, the stock market shot up like a rocket ship. It never went down.
01:00They didn't like it. The people, you know, the stock market is more brilliant than anybody there
01:05is, including the people on this stage, other than me, of course.
01:10Iran's president also signed the agreement, which the two sides were originally expected
01:15to formalize in Switzerland on Friday. Trump also warned that if Iran violates the deal,
01:20the U.S. would respond forcefully. Pakistan, which helped mediate the agreement,
01:25also signed the document. Markets responded positively to the news. Oil prices have fallen
01:30sharply from their wartime peaks, and the national average for the price of a gallon of gasoline
01:35has dropped below $4 a gallon for the first time since March.
