PANews reported on June 15th, citing CNN, that US Vice President Vance stated that the agreement reached between the US and Iran was signed electronically over the weekend, indicating that the terms of the agreement are now in effect, and that Iran will not receive any new funds unfrozen. Vance stated on ABC, "We signed the agreement electronically yesterday, and there are currently no funds released. That will not change." Although there were speculations about an electronic signing before the agreement was reached, this has only now been confirmed. Trump announced on Sunday that the two sides would hold a formal signing ceremony in Switzerland on Friday. In announcing the agreement, Trump wrote, "With the Straits reopening on Friday as the agreement is signed, creating conditions for demining operations, oil will once again flow from both sides of the Straits to the region and the world!"