Vance says US expects Strait of Hormuz to be open ‘toll free’ long term

The US announced that ships will move toll-free through the Strait of Hormuz under an Iran peace deal. A memorandum of understanding was electronically signed by Trump, US Vice President JD Vance, and Iranian parliament speaker Mohammad Bagher Ghalibaf. The MoU is about a page and a half. A 60-day period will follow to hammer out a full-scale peace deal. The US wants nuclear discussions upfront, but the Strait of Hormuz is an immediate priority due to oil price spikes. Vance said the strait would reopen toll-free long term. Trump said it would be 'completely open' from Friday. Iran's foreign ministry said the deal allows Iran to charge maritime service fees, not tolls.

The US announced that ships will move toll-free through the Strait of Hormuz under an Iran peace deal. A memorandum of understanding was electronically signed by Trump, US Vice President JD Vance, and Iranian parliament speaker Mohammad Bagher Ghalibaf. The MoU is about a page and a half. A 60-day period will follow to hammer out a full-scale peace deal. The US wants nuclear discussions upfront, but the Strait of Hormuz is an immediate priority due to oil price spikes. Vance said the strait would reopen toll-free long term. Trump said it would be 'completely open' from Friday. Iran's foreign ministry said the deal allows Iran to charge maritime service fees, not tolls.

The US announced that ships will move toll-free through the Strait of Hormuz under an Iran peace deal. A memorandum of understanding was electronically signed by Trump, US Vice President JD Vance, and Iranian parliament speaker Mohammad Bagher Ghalibaf. The MoU is about a page and a half. A 60-day period will follow to hammer out a full-scale peace deal. The US wants nuclear discussions upfront, but the Strait of Hormuz is an immediate priority due to oil price spikes. Vance said the strait would reopen toll-free long term. Trump said it would be 'completely open' from Friday. Iran's foreign ministry said the deal allows Iran to charge maritime service fees, not tolls.

This story involves 1 source and may affect public understanding of peace agreement / strait of hormuz.