U.S. says Hormuz to be toll-free under Iran deal

AI Summary

The U.S. announced that the Strait of Hormuz will be toll-free under the upcoming Iran deal, which will begin a 60-day period for Tehran and Washington to negotiate a comprehensive peace agreement. This development aims to stabilize regional energy transit amid geopolitical tensions.

The signing of the deal on June 19 will kick off a 60-day period in which Tehran and Washington will try to hammer out a full-scale peace deal