US, Iran Prepare for Deal Signing With Both Claiming Victory

Bloomberg's Josh Wingrove reports from Geneva ahead of the US-Iran peace deal signing, noting uncertainty over terms, the Strait of Hormuz, and whether the deal justifies the cost of prior US withdrawal from JCPOA. - US and Iran to sign an interim peace memorandum in Geneva on Friday; text not yet released. - The deal is expected to be around 14 points and lead to a 60-day ceasefire and nuclear negotiations. - Vice President JD Vance will lead the US delegation; Iran represented by Parliament Speaker Ghalibaf. - Trump says the Strait of Hormuz will remain toll-free after 60 days, but US officials have given mixed signals. - Secretary of State Rubio is notably absent from the process; some reports of internal misgivings. - Media commentary compares the deal to the JCPOA, questioning whether the prior US withdrawal was worth it. - Oil traders and shippers are uncertain about how quickly the Strait of Hormuz will reopen.