'Oil moves in minutes, gas moves in weeks:' what to expect after the Iran deal - plus is it really a ceasefire or just a pause?

**Christy Strawser** (0:01)
Welcome to On Deadline, your radio news from Odyssey newsrooms across the country. I'm Christy Strawser, Odyssey's managing editor of news. President Donald Trump announced a ceasefire deal with Iran, and there were questions, mostly centered on what's in the deal and how it will affect us in the US.
So here are answers, starting with KCBS in the Bay Area.

**SPEAKER_2** (0:21)
KCBS political analyst Mark Sandelo. Mark, good morning.
As tenuous as this may be, I suppose it's good news, right?

**Jason Shields** (0:29)
It is, depending on which version of it, of course you believe. You know, there is, from the White House pitches this as an end to the war.
I think what's been released so far looks like it might be a pause in the fighting, which of course would be a good thing. And the reopening of the Strait of Hormuz, which would be a great thing, which means that oil can flow, gas prices come down, all that's good. But what's not clear is, I mean, remember that the Strait was wide open before the US began this war. So it's not as if the US has accomplished anything if all it does is get back to the status quo.
The goal behind this was always to end Iran's nuclear capabilities and ambitions. And already there's some disagreement that's emerging. What the US is saying is that we're basically there and we're gonna sign this deal on Friday. We just have to clean up a few details about the nuclear future. And as soon as they make a deal, we release a bunch of money that we have billions and billions of dollars in confiscated Iranian money. Iran says, no, no, no, we're gonna sign this deal on Friday. You're gonna release the money. And once you release the money, we can start to discuss the nuclear future. Those are big, big differences. And yes, it's good news. The fighting has stopped. What's not clear is whether the war is over.

**SPEAKER_2** (1:48)
Yeah, I mean, I've been monitoring reaction to this and there seems to be two camps. One side is, yay, we have a ceasefire. The other side is, like, so what have we accomplished and tell us why we started this to begin with?

**Jason Shields** (2:00)
Right. And I mean, you can certainly make the argument, as the White House does, that Iran's military capability is weakened. I mean, the president says it's gone, obliterated. Clearly, that is not the case, so they wouldn't still be fighting back.
But certainly, it's been diminished and their ability to sponsor state terror, their ability to sponsor groups that have gone for and pushed the destruction of Israel is diminished. And in that sense, I think Trump can say we've achieved something. But opening the Strait of Foreign Moves, I mean, again, this was something that was not an issue until the United States and Israel began this war. So it's a little unclear what has been accomplished.
The people who were saying that the White House has won a big victory at this point, it may be the case that they're going on faith. They are suing that there is more to this than has been released and that the president actually has ran very close to buckling. And normally if the president of the United States says that that's the case, you believe them, this president does not have a good track record of saying things that are actually factually correct.

**Christy Strawser** (3:08)
Jonathan Savage has the latest.

**Jonathan Savage** (3:10)
We don't have full details of the interim agreement. Mediators Pakistan say it'll be signed in Switzerland on Friday. Congratulations to all, wrote President Trump on social media, adding that he's immediately removing the US blockade of Iranian ports. Iran says it will implement the deal only when it's signed. The memorandum of understanding will be followed by 60 days of talks on Iran's nuclear program. The Pakistani government says the framework agreement includes ending Israel's military operation in Lebanon, but Israel insists it won't withdraw from land it seized. Jonathan Savage, Fox News.

**SPEAKER_2** (3:46)
OK, we're keeping an eye on that for any new information.

**Christy Strawser** (3:49)
How will a ceasefire or even just a pause in the fighting affect prices here in the US? Here's Tommy Tucker at WWL in New Orleans.

**Tommy Tucker** (3:58)
Jason Shields, chief operating officer, Gulf Coast Bank and Trust Company Morning. Let's talk about the potential peace deal and impacts that could have on the market, gas prices, et cetera.

**Jason Shields** (4:11)
Yeah, so exciting time over the weekend, right? We hear that there's the framework for peace deal coming. Okay, if peace is coming, when does gas get cheaper? What do we do with the stock market? And what should we be doing, right? And so the oil prices move on headlines, gas moves through the system, and stocks move on more than just peace. And so that I'll just kind of step through that framework as we talk about that this morning.