Tensions in the Strait of Hormuz have reached a boiling point. An international effort, led by Oman and the IMO, to establish a new, safe shipping corridor for vessels trapped in the Persian Gulf has been effectively stalled.


Hormuz Crisis: Oman Unveils New Shipping Transit Route Through Strait of Hormuz

Tensions in the Strait of Hormuz have reached a boiling point. An international effort, led by Oman and the IMO, to establish a new, safe shipping corridor for vessels trapped in the Persian Gulf has been effectively stalled.

Hormuz Crisis: Oman Had Announced New Shipping Transit Route Through Hormuz

Iran's Islamic Revolutionary Guard Corps (IRGC) attacked a Singapore-flagged cargo ship, Ever Lovely, in the Strait of Hormuz using a drone, Fox News reported, citing two US officials. The incident came just days after a Memorandum of Understanding to pause the 110-day West Asia war was finalised and signed on June 17 by US President Donald Trump and Iranian President Masoud Pezeshkian.&nbsp;According to the United Kingdom Maritime Trade Operations (UKMTO), the attack took place about 7.5 nautical miles southeast of Dahit, Oman, as the vessel was leaving the Strait of Hormuz. The drone strike damaged the ship's bridge, but no casualties or environmental impact were reported.

<blockquote class="twitter-tweet">UKMTO WARNING 074-26 - ATTACK Click here to view the full warning.⤵️ <a href="https://t.co/0hDEAb7xO9">https://t.co/0hDEAb7xO9</a><a href="https://x.com/hashtag/MaritimeSecurity?src=hash&amp;ref_src=twsrc%5Etfw">#MaritimeSecurity</a> <a href="https://x.com/hashtag/MarSec?src=hash&amp;ref_src=twsrc%5Etfw">#MarSec</a> <a href="https://t.co/HlPzQDLBja">pic.twitter.com/HlPzQDLBja</a>&mdash; UKMTO Operations Centre (@UK_MTO) <a href="https://x.com/UK_MTO/status/2070160682264269241?ref_src=twsrc%5Etfw">June 25, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

"A cargo vessel has been hit on the starboard side by an unknown projectile, causing damage to the bridge," UKMTO said in an advisory, noting there were no reported casualties or environmental impact.&nbsp;Also Read: <a href="https://www.wionews.com/world/iran-proposes-joint-hormuz-toll-plan-with-gulf-neighbours-to-share-40-billion-revenue-1782427719649">Iran proposes joint Hormuz toll plan with Gulf neighbours to share $40 billion revenue</a><h2>IMO pauses vessel evacuation plan</h2>Following the attack, the International Maritime Organisation (IMO), the United Nations agency responsible for global shipping safety, temporarily suspended its vessel evacuation operation in the region.&nbsp;IMO Secretary General Arsenio Dominguez said the decision was taken to verify that safety guarantees remain in place for ships covered under the evacuation framework and for other vessels operating in the area.&nbsp;"I have decided to temporarily pause (the evacuation plan's) implementation in order to reconfirm that the necessary safety guarantees continue to be in place for the ships on our evacuation list and all those in the region," Dominguez said in a statement.&nbsp;He added that Ever Lovely had already passed through the Strait of Hormuz and was not part of the IMO evacuation framework.&nbsp;The attack came after the Persian Gulf Strait Authority (PGSA), a body established by Iran to manage the strait, warned that vessels travelling outside designated routes would not be guaranteed safe passage.&nbsp;In a post on X, the PGSA said: "Any consequences arising from the use of unauthorised routes shall be the responsibility of the vessel's owner, operator and master".&nbsp;Earlier, US Secretary of State Marco Rubio said Washington wanted an agreement with Iran but not at any cost.&nbsp;"We want to ensure... that there is no part of this deal that's undertaken that in any way undermines the security, the stability or the prosperity of any of our partners in the Gulf region," Rubio said.&nbsp;He also reassured Gulf countries that the Strait of Hormuz would remain free of transit charges.

According to the UKMTO, a drone struck the cargo ship about 7.5 nautical miles southeast of Dahit, Oman, as it exited the Strait of Hormuz, damaging its bridge without causing any casualties or environmental impact.

Iran's Islamic Revolutionary Guard Corps (IRGC) attacked a Singapore-flagged cargo ship, Ever Lovely, in the Strait of Hormuz using a drone, Fox News reported, citing two US officials. The incident came just days after a Memorandum of Understanding to pause the 110-day West Asia war was finalised and signed on June 17 by US President Donald Trump and Iranian President Masoud Pezeshkian. According to the United Kingdom Maritime Trade Operations (UKMTO), the attack took place about 7.5 nautical miles southeast of Dahit, Oman, as the vessel was leaving the Strait of Hormuz. The drone strike damaged the ship's bridge, but no casualties or environmental impact were reported.

According to the UKMTO, a drone struck the cargo ship about 7.5 nautical miles southeast of Dahit, Oman, as it exited the Strait of Hormuz, damaging its bridge without causing any casualties or environmental impact.

Iran targets commercial vessel in Strait of Hormuz days after ceasefire: Report

A fresh security incident has been reported in the Strait of Hormuz after a cargo vessel was struck by an “unknown projectile,” according to the UK Maritime Trade Operations (UKMTO). Authorities confirmed that no casualties were reported, but the attack has raised fresh concerns amid ongoing geopolitical tensions and parallel US-Iran discussions.


BREAKING: Cargo Vessel Hit by 'Unknown Projectile' in Hormuz

Oil prices are falling since the MoU signing between the US and Iran and have reached pre-war levels, in major relief to economies across the world. Brent crude, the international standard, fell 3.8% to $73.87 a barrel. Brent has been trading below $80 in recent days but is still above the roughly $70 per barrel it was trading at before the war began at the end of February.&nbsp;US crude prices fell 3.9% to $70.34 a barrel. Early Thursday, Brent was down 1.3% at $72.90, while US benchmark crude lost 1.4% to $69.37.&nbsp;The drop in prices comes as shipping across the Strait of Hormuz slowly resumed last week under the US-Iran memorandum of understanding.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/amazon-ceo-meets-pm-modi-says-e-com-giant-to-invest-48bn-in-india-by-2030-expand-ai-cloud-infra-1782387595374">Amazon CEO meets PM Modi, says e-com giant to invest $48bn in India by 2030, expand AI, cloud infra</a><h2>Hormuz management ‘will not involve imposing any transit fees’: Oman&nbsp;</h2>&nbsp;Oman’s Foreign Minister Sayyid Badr bin Hamad Al Busaidi said on Thursday after meeting with fellow top diplomats from Persian Gulf nations and US Secretary of State Marco Rubio, that “future arrangements concerning the Strait of Hormuz will not involve imposing any transit fees.”&nbsp;Al Busaidi reiterated Oman’s support for the memorandum of understanding signed between the United States and the Islamic Republic of Iran and stressed the importance of ensuring the success of its objectives in pursuit of the desired peace, the Omani Foreign Ministry said in a statement.&nbsp;Also Read: <a href="https://www.wionews.com/world/164-dead-around-1-000-injured-after-powerful-quakes-aftershocks-rock-venezuela-1782384631734">164 dead, around 1,000 injured after powerful quakes, aftershocks rock Venezuela; toll likely to rise further</a>&nbsp;He also stressed the importance of restoring freedom of navigation through the Strait of Hormuz and ensuring its safe and uninterrupted flow. The minister noted that Oman, as a littoral state of the strait, bears a special responsibility in supporting international efforts to secure maritime navigation in accordance with its responsibilities and obligations under international law and the United Nations Convention on the Law of the Sea, the statement added.&nbsp;<h2>Toll at one waterway would ‘spread like contagion’ to others: Rubio</h2>&nbsp;“International waterways do not belong to any nation state,” said Rubio earlier in the day at the Gulf Cooperation Council meeting in Bahrain.&nbsp;&nbsp;"If, in fact, we accepted that you can charge money to use an international waterway because it happens to be near your territorial space, well then this will spread throughout the world like a contagion,” the US Secretary of State said.&nbsp;Also Read: <a href="https://www.wionews.com/world/uk-records-its-hottest-june-day-beating-1957-and-1976-highs-who-warns-of-risk-to-lives-1782322982631">UK records its hottest June day, beating 1957 and 1976 highs; WHO warns of risk to lives</a>&nbsp;Iran and Oman have said that they are creating a new joint mechanism to regulate traffic through the Strait of Hormuz—a vital waterway for global energy supplies that was free and open before the US and Israel launched strikes on Iran around four months ago.&nbsp;In a previous joint statement, Oman and Iran said the new system could have “costs associated”. Tehran has for long now maintained that it could impose ‘fees’ on commercial vessels transiting the strait, something the Trump administration has rejected.&nbsp;<h2>‘Fall in pump prices going to take time’: Chevron CFO</h2>&nbsp;Meanwhile, Chevron’s chief financial officer, Eimear Bonner, said on Thursday that “it’s going to take time” for the prices Americans pay at the pump to fall, even as global oil prices dropped sharply with tankers starting to move in greater numbers through the Strait of Hormuz.“I mean, there is a lag between oil prices and reduction in oil prices and when that shows up at the pump,” Bonner said during a CNBC show.&nbsp;President Donald Trump on Wednesday criticised big energy firms and accused them of “gouging” American drivers by not cutting their prices. Trump also told White House reporters that he had ordered an investigation into the matter, as “gasoline prices should be much lower at the pump” and singled out Chevron, ExxonMobil, Shell and BP by name.

Iran and Oman have said that they are creating a new joint mechanism to regulate traffic through the Strait of Hormuz—a vital waterway for global energy supplies that was free and open before the US and Israel launched strikes on Iran around four months ago.

Oil prices are falling since the MoU signing between the US and Iran and have reached pre-war levels, in major relief to economies across the world. Brent crude, the international standard, fell 3.8% to $73.87 a barrel. Brent has been trading below $80 in recent days but is still above the roughly $70 per barrel it was trading at before the war began at the end of February. US crude prices fell 3.9% to $70.34 a barrel. Early Thursday, Brent was down 1.3% at $72.90, while US benchmark crude lost 1.4% to $69.37. The drop in prices comes as shipping across the Strait of Hormuz slowly resumed last week under the US-Iran memorandum of understanding. Also Read: Amazon CEO meets PM Modi, says e-com giant to invest $48bn in India by 2030, expand AI, cloud infra Hormuz management ‘will not involve imposing any transit fees’: Oman Oman’s Foreign Minister Sayyid Badr bin Hamad Al Busaidi said on Thursday after meeting with fellow top diplomats from Persian Gulf nations and US Secretary of State Marco Rubio, that “future arrangements concerning the Strait of Hormuz will not involve imposing any transit fees.” Al Busaidi reiterated Oman’s support for the memorandum of understanding signed between the United States and the Islamic Republic of Iran and stressed the importance of ensuring the success of its objectives in pursuit of the desired peace, the Omani Foreign Ministry said in a statement. Also Read: 164 dead, around 1,000 injured after powerful quakes, aftershocks rock Venezuela; toll likely to rise further He also stressed the importance of restoring freedom of navigation through the Strait of Hormuz and ensuring its safe and uninterrupted flow. The minister noted that Oman, as a littoral state of the strait, bears a special responsibility in supporting international efforts to secure maritime navigation in accordance with its responsibilities and obligations under international law and the United Nations Convention on the Law of the Sea, the statement added. Toll at one waterway would ‘spread like contagion’ to others: Rubio “International waterways do not belong to any nation state,” said Rubio earlier in the day at the Gulf Cooperation Council meeting in Bahrain. "If, in fact, we accepted that you can charge money to use an international waterway because it happens to be near your territorial space, well then this will spread throughout the world like a contagion,” the US Secretary of State said. Also Read: UK records its hottest June day, beating 1957 and 1976 highs; WHO warns of risk to lives Iran and Oman have said that they are creating a new joint mechanism to regulate traffic through the Strait of Hormuz—a vital waterway for global energy supplies that was free and open before the US and Israel launched strikes on Iran around four months ago. In a previous joint statement, Oman and Iran said the new system could have “costs associated”. Tehran has for long now maintained that it could impose ‘fees’ on commercial vessels transiting the strait, something the Trump administration has rejected. ‘Fall in pump prices going to take time’: Chevron CFO Meanwhile, Chevron’s chief financial officer, Eimear Bonner, said on Thursday that “it’s going to take time” for the prices Americans pay at the pump to fall, even as global oil prices dropped sharply with tankers starting to move in greater numbers through the Strait of Hormuz. “I mean, there is a lag between oil prices and reduction in oil prices and when that shows up at the pump,” Bonner said during a CNBC show. President Donald Trump on Wednesday criticised big energy firms and accused them of “gouging” American drivers by not cutting their prices. Trump also told White House reporters that he had ordered an investigation into the matter, as “gasoline prices should be much lower at the pump” and singled out Chevron, ExxonMobil, Shell and BP by name.

Iran and Oman have said that they are creating a new joint mechanism to regulate traffic through the Strait of Hormuz—a vital waterway for global energy supplies that was free and open before the US and Israel launched strikes on Iran around four months ago.

Oil prices drop to pre-war level as Oman affirms no transit fees for crossing Hormuz

Iran's IRGC Navy has warned vessels to strictly follow the routes announced by Tehran for passage through the Strait of Hormuz, saying any movement outside those lanes is "dangerous" and prohibited. In a statement carried by Iranian state media, the force said some authorities had announced a new shipping route without consulting or coordinating with the Islamic Republic. It described that move as unacceptable and warned that ships should not attempt to pass through any route outside the one approved by Iran.Also read | <a href="https://www.wionews.com/world/i-m-not-going-to-be-bullied-trump-gets-in-to-shouting-match-with-republican-senator-over-iran-war-as-questions-grow-over-peace-deal-1782346277095">'I'm not going to be bullied': Trump gets into a shouting match with Republican senator over Iran war as questions grow over peace deal</a><h2>Iran rejects alternative shipping lanes</h2>Tehran says recently announced routes through the Strait of Hormuz were introduced without its approval and are "unacceptable" and "dangerous"."A few hours ago, without informing or coordinating with the Islamic Republic of Iran, some authorities announced a new route for ships to pass through the Strait of Hormuz, which is unacceptable and completely dangerous," the IRGC statement said, according to Iranian state media. It added that "The only permitted route for passing through the Strait of Hormuz is the routes announced by the Islamic Republic of Iran."The statement also stated that coordination with the IRGC Navy "through Channel 16" was a requirement "for passing through the Strait of Hormuz", while warning that "violating vessels will be dealt with."<h2>What new route through the Strait of Hormuz is the IRGC referring to?</h2>The United Nations' International Maritime Organization (IMO) recently introduced new evacuation routes to help move thousands of seafarers still stranded in the Gulf. Those routes include a passage close to the Omani coast for outgoing ships and another through Iranian waters for traffic in both directions.IMO chief Arsenio Dominguez said the agency hopes to see around 50 vessels evacuated each day through the new lanes.Also read | <a href="https://www.wionews.com/world/trump-accuses-big-oil-companies-of-gouging-american-customers-says-gasoline-prices-better-start-going-down-a-lot-faster-usa-ogas-price-today-1782274625910">Trump accuses big oil companies of 'gouging' American customers, says 'gasoline prices better start going down a lot faster'</a><h2>Hormuz traffic slowly rebounds</h2>The warning comes at a sensitive moment for one of the world's busiest and most strategically important waterways.According to maritime tracking data, after months of blockades, shipping traffic through the Strait of Hormuz has finally started improving after Iran and the United States agreed to a memorandum of understanding on June 14. On Tuesday, Kpler recorded 25 commodity ship transits through the strait, with 17 more logged by Wednesday afternoon. That was down from 38 transits on Monday, but still above levels seen before the agreement.Between March 1 and June 14, the same data showed fewer than 10 daily crossings on average. Since June 15, that number has climbed to about 22 ships per day. In normal times, roughly 120 vessels pass through the strait each day, carrying about a fifth of the world's oil and liquefied natural gas exports.Large crude carriers have also begun moving more freely. Kpler data showed three very large crude carriers crossed on Wednesday, together transporting 4.1 million barrels of crude oil out of the Gulf. On Tuesday, five VLCCs crossed the strait, three of them loaded. Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Iran's IRGC Navy has warned vessels to use only Tehran-approved shipping lanes through the Strait of Hormuz, rejecting newly announced evacuation routes and threatening action against ships that violate its instructions, even as traffic through the strategic waterway begins to recover.

Iran's IRGC Navy has warned vessels to strictly follow the routes announced by Tehran for passage through the Strait of Hormuz, saying any movement outside those lanes is "dangerous" and prohibited. In a statement carried by Iranian state media, the force said some authorities had announced a new shipping route without consulting or coordinating with the Islamic Republic. It described that move as unacceptable and warned that ships should not attempt to pass through any route outside the one approved by Iran. Also read | 'I'm not going to be bullied': Trump gets into a shouting match with Republican senator over Iran war as questions grow over peace deal Iran rejects alternative shipping lanes Tehran says recently announced routes through the Strait of Hormuz were introduced without its approval and are "unacceptable" and "dangerous". "A few hours ago, without informing or coordinating with the Islamic Republic of Iran, some authorities announced a new route for ships to pass through the Strait of Hormuz, which is unacceptable and completely dangerous," the IRGC statement said, according to Iranian state media. It added that "The only permitted route for passing through the Strait of Hormuz is the routes announced by the Islamic Republic of Iran." The statement also stated that coordination with the IRGC Navy "through Channel 16" was a requirement "for passing through the Strait of Hormuz", while warning that "violating vessels will be dealt with." What new route through the Strait of Hormuz is the IRGC referring to? The United Nations' International Maritime Organization (IMO) recently introduced new evacuation routes to help move thousands of seafarers still stranded in the Gulf. Those routes include a passage close to the Omani coast for outgoing ships and another through Iranian waters for traffic in both directions. IMO chief Arsenio Dominguez said the agency hopes to see around 50 vessels evacuated each day through the new lanes. Also read | Trump accuses big oil companies of 'gouging' American customers, says 'gasoline prices better start going down a lot faster' Hormuz traffic slowly rebounds The warning comes at a sensitive moment for one of the world's busiest and most strategically important waterways. According to maritime tracking data, after months of blockades, shipping traffic through the Strait of Hormuz has finally started improving after Iran and the United States agreed to a memorandum of understanding on June 14. On Tuesday, Kpler recorded 25 commodity ship transits through the strait, with 17 more logged by Wednesday afternoon. That was down from 38 transits on Monday, but still above levels seen before the agreement. Between March 1 and June 14, the same data showed fewer than 10 daily crossings on average. Since June 15, that number has climbed to about 22 ships per day. In normal times, roughly 120 vessels pass through the strait each day, carrying about a fifth of the world's oil and liquefied natural gas exports. Large crude carriers have also begun moving more freely. Kpler data showed three very large crude carriers crossed on Wednesday, together transporting 4.1 million barrels of crude oil out of the Gulf. On Tuesday, five VLCCs crossed the strait, three of them loaded. Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Iran's IRGC Navy has warned vessels to use only Tehran-approved shipping lanes through the Strait of Hormuz, rejecting newly announced evacuation routes and threatening action against ships that violate its instructions, even as traffic through the strategic waterway begins to recover.

'Violating vessels will be dealt with': IRGC warns ships to stick to designated routes in Strait of Hormuz as traffic picks up

The future of the Strait of Hormuz remains one of the key questions following the recent US-Iran ceasefire discussions, with a new debate emerging. There are questions about whether Tehran could eventually seek to generate revenue from one of the world’s most important maritime routes. US Secretary of State Marco Rubio made Washington’s position clear on Tuesday (June 23), saying America would oppose any attempt by Iran to impose tolls or transit fees on ships using the strategic waterway.&nbsp;Speaking at the start of a Gulf tour in the United Arab Emirates, Rubio said the Strait of Hormuz is an international waterway. He said that no country has the right to charge vessels for passage. “It’s an international waterway. No country is allowed to charge tolls or fees on an international waterway,” Rubio said.<h2>Why is the Strait of Hormuz important?</h2>The Strait of Hormuz is one of the world’s most critical energy chokepoints. A significant share of global oil and liquefied natural gas exports passes through the narrow corridor. Any disruption to shipping in the Strait can have major consequences for global energy markets and international trade. That is why questions over who controls access to the waterway and under what conditions have become central to discussions.&nbsp;Also read: <a href="https://www.wionews.com/world/who-will-pay-for-iran-s-300bn-reconstruction-fund-under-mou-this-is-what-we-know-1782299801226">Who will pay for Iran’s $300bn reconstruction fund under MoU? This is what we know</a><h2>Can Iran legally charge ships for passage?</h2>According to Rubio, the answer is no. The US position is based on the principle that international waterways must remain open to global navigation and cannot be subjected to unilateral transit charges by a single country. But some analysts argue that the issue may not be as straightforward as imposing a direct toll.<h2>What does the expert say?</h2>Speaking to WION, war correspondent and analyst Elijah J Magnier suggested that Iran could pursue alternative mechanisms that would allow it to collect revenue without explicitly charging ships for passage through the strait. Magnier pointed to the example of the Bosphorus, the strategically important waterway controlled by Turkey. Under such a model, charges are not necessarily presented as transit fees but can be linked to services associated with navigation.&nbsp;According to Magnier, Iran could potentially seek payments connected to security measures, environmental protection programmes, maintenance operations or other maritime services. “This is something that Iran can put forward and not ask for fees for passage and transit, but they can have it in a completely different way,” he said.&nbsp;Also read: <a href="https://www.wionews.com/world/watch-trump-mocks-transgender-athletes-again-despite-saying-melania-urged-him-not-to-1782295439951">WATCH: Trump mocks transgender athletes, again, despite saying Melania urged him not to</a><h2>How could such a system work?</h2>Under the scenario outlined by Magnier, Tehran would avoid imposing a direct toll on ships simply for crossing the Strait of Hormuz. Instead, it could be argued that vessels benefiting from security patrols, environmental monitoring, emergency response systems or infrastructure maintenance should contribute towards those costs.&nbsp;Such an arrangement would likely face intense scrutiny from the United States and other maritime powers, but it could provide Iran with a way to seek financial returns while avoiding accusations that it is restricting freedom of navigation.

The US opposes potential Iranian plans to levy transit fees or service charges in the strategic Strait of Hormuz, maintaining it is an international waterway requiring free, unrestricted global navigation.

The future of the Strait of Hormuz remains one of the key questions following the recent US-Iran ceasefire discussions, with a new debate emerging. There are questions about whether Tehran could eventually seek to generate revenue from one of the world’s most important maritime routes. US Secretary of State Marco Rubio made Washington’s position clear on Tuesday (June 23), saying America would oppose any attempt by Iran to impose tolls or transit fees on ships using the strategic waterway. Speaking at the start of a Gulf tour in the United Arab Emirates, Rubio said the Strait of Hormuz is an international waterway. He said that no country has the right to charge vessels for passage. “It’s an international waterway. No country is allowed to charge tolls or fees on an international waterway,” Rubio said. Why is the Strait of Hormuz important? The Strait of Hormuz is one of the world’s most critical energy chokepoints. A significant share of global oil and liquefied natural gas exports passes through the narrow corridor. Any disruption to shipping in the Strait can have major consequences for global energy markets and international trade. That is why questions over who controls access to the waterway and under what conditions have become central to discussions. Also read: Who will pay for Iran’s $300bn reconstruction fund under MoU? This is what we know Can Iran legally charge ships for passage? According to Rubio, the answer is no. The US position is based on the principle that international waterways must remain open to global navigation and cannot be subjected to unilateral transit charges by a single country. But some analysts argue that the issue may not be as straightforward as imposing a direct toll. What does the expert say? Speaking to WION, war correspondent and analyst Elijah J Magnier suggested that Iran could pursue alternative mechanisms that would allow it to collect revenue without explicitly charging ships for passage through the strait. Magnier pointed to the example of the Bosphorus, the strategically important waterway controlled by Turkey. Under such a model, charges are not necessarily presented as transit fees but can be linked to services associated with navigation. According to Magnier, Iran could potentially seek payments connected to security measures, environmental protection programmes, maintenance operations or other maritime services. “This is something that Iran can put forward and not ask for fees for passage and transit, but they can have it in a completely different way,” he said. Also read: WATCH: Trump mocks transgender athletes, again, despite saying Melania urged him not to How could such a system work? Under the scenario outlined by Magnier, Tehran would avoid imposing a direct toll on ships simply for crossing the Strait of Hormuz. Instead, it could be argued that vessels benefiting from security patrols, environmental monitoring, emergency response systems or infrastructure maintenance should contribute towards those costs. Such an arrangement would likely face intense scrutiny from the United States and other maritime powers, but it could provide Iran with a way to seek financial returns while avoiding accusations that it is restricting freedom of navigation.

The US opposes potential Iranian plans to levy transit fees or service charges in the strategic Strait of Hormuz, maintaining it is an international waterway requiring free, unrestricted global navigation.

Rubio says Iran can’t charge fees for Hormuz transit, but expert says Tehran has other options

US President Donald Trump said on Wednesday that Iran has told the United States that no tolls were being sought from ships travelling through the Strait of Hormuz.The US and Iran have been offering conflicting accounts on almost all major aspects of the MoU signed last week, including the control of the Strait of Hormuz, Israel’s war in Lebanon and financial incentives for Iran.&nbsp;Also Read: <a href="https://www.wionews.com/world/un-maritime-body-to-evacuate-11-000-seafarers-stranded-in-persian-gulf-since-us-iran-war-1782245543370">UN maritime body to evacuate 11,000 seafarers stranded in Persian Gulf since US-Iran war</a>&nbsp;Trump, who is facing criticism over the deal domestically, including from hardliners in his Republican Party, said in a Truth Social post, “Iran has informed the U.S. that, despite troublemaking Fake News reporting to the contrary, there are ‘NO TOLLS, NO INSURANCE COSTS, &amp; NO OTHER CHARGES OF ANY KIND BEING SOUGHT OR RECEIVED BY IRAN ON SHIPS TRAVELING THE STRAIT OF HORMUZ’.“If this is false information, negotiations would end, immediately!” he warned Tehran.&nbsp;Also Read: <a href="https://www.wionews.com/world/iran-s-pezeshkian-proposes-a-united-security-front-of-muslim-nations-against-their-enemies-1782241401664">Iran’s Pezeshkian proposes a united security front of Muslim nations against their enemies</a>&nbsp;Trump also asserted that the United States has not given any money to Iran or released any funds for its unrestricted use.The US president added that food is “desperately needed” in Iran and that these products will be purchased exclusively from the United States.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/pakistan-s-op-sindoor-lies-busted-iaf-document-proves-india-s-rafale-fleet-fully-intact-1782226973572">Pakistan’s Op Sindoor lies busted, IAF document proves India’s Rafale fleet fully intact</a>&nbsp;“Additionally, no money has been given to Iran, or released from their money to them, by the U.S. We will be releasing some of their money, that is totally controlled by us, to our Farmers and Ranchers, for the purchase of Corn, Wheat, Soybeans, and more. Food is desperately needed in Iran, and we will be purchasing it for them exclusively from the United States,” Trump further said in the post.

President Donald Trump said that the United States has not given any money to Iran or released any funds for its unrestricted use. The US president added that food is “desperately needed” in Iran and that these products will be purchased exclusively from the United States.

US President Donald Trump said on Wednesday that Iran has told the United States that no tolls were being sought from ships travelling through the Strait of Hormuz. The US and Iran have been offering conflicting accounts on almost all major aspects of the MoU signed last week, including the control of the Strait of Hormuz, Israel’s war in Lebanon and financial incentives for Iran. Also Read: UN maritime body to evacuate 11,000 seafarers stranded in Persian Gulf since US-Iran war Trump, who is facing criticism over the deal domestically, including from hardliners in his Republican Party, said in a Truth Social post, “Iran has informed the U.S. that, despite troublemaking Fake News reporting to the contrary, there are ‘NO TOLLS, NO INSURANCE COSTS, & NO OTHER CHARGES OF ANY KIND BEING SOUGHT OR RECEIVED BY IRAN ON SHIPS TRAVELING THE STRAIT OF HORMUZ’. “If this is false information, negotiations would end, immediately!” he warned Tehran. Also Read: Iran’s Pezeshkian proposes a united security front of Muslim nations against their enemies Trump also asserted that the United States has not given any money to Iran or released any funds for its unrestricted use. The US president added that food is “desperately needed” in Iran and that these products will be purchased exclusively from the United States. Also Read: Pakistan’s Op Sindoor lies busted, IAF document proves India’s Rafale fleet fully intact “Additionally, no money has been given to Iran, or released from their money to them, by the U.S. We will be releasing some of their money, that is totally controlled by us, to our Farmers and Ranchers, for the purchase of Corn, Wheat, Soybeans, and more. Food is desperately needed in Iran, and we will be purchasing it for them exclusively from the United States,” Trump further said in the post.

President Donald Trump said that the United States has not given any money to Iran or released any funds for its unrestricted use. The US president added that food is “desperately needed” in Iran and that these products will be purchased exclusively from the United States.

Trump says Iran has told ‘no tolls, insurance costs, other charges’ being sought at Strait of Hormuz

The United Nations’ International Maritime Organisation said on Tuesday that it would start the evacuation of the more than 11,000 sailors stranded in the Persian Gulf due to the Strait of Hormuz closure by Iran, followed by the US naval blockade.&nbsp;“This large-scale operation will be carried out in close cooperation with Iran, Oman, all other coastal States in the region, the United States and the maritime industry,” IMO secretary-general Arsenio Dominguez said in a statement.&nbsp;Also Read: <a href="https://www.wionews.com/world/iran-s-pezeshkian-proposes-a-united-security-front-of-muslim-nations-against-their-enemies-1782241401664">Iran’s Pezeshkian proposes a united security front of Muslim nations against their enemies</a>&nbsp;“We have secured the necessary safety guarantees and have thoroughly verified the conditions for safe navigation to support these operations,” he added.&nbsp;“After months of hardship and distress for thousands of innocent seafarers and negative impact for the whole world, I welcome with deep satisfaction the peace agreement concluded between the United States and Iran, marking a decisive step towards restoring maritime security and bringing to an end the unacceptable attacks against civilian shipping,” said Dominguez.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/pakistan-s-op-sindoor-lies-busted-iaf-document-proves-india-s-rafale-fleet-fully-intact-1782226973572">Pakistan’s Op Sindoor lies busted, IAF document proves India’s Rafale fleet fully intact</a>&nbsp;We have now started contacting the ships to start the evacuation, said an IMO spokesperson, ⁠without providing a timeframe.&nbsp;The IMO said it had secured the necessary safety guarantees and verified conditions for safe navigation.Oman’s ⁠defence ministry said separately that the evacuation process under the IMO plan, which has been under discussion for months, will be phased.“Given the elevated risk of collision in the current environment, a gradual and controlled evacuation of vessel traffic is required,” it said.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/11-india-bound-ships-carrying-crude-lpg-fertilisers-crossed-hormuz-since-us-iran-mou-signing-10-still-in-gulf-mea-1782217692758">11 India-bound ships carrying crude, LPG, fertilisers crossed Hormuz since US-Iran MoU signing; 10 still in Gulf: MEA</a>&nbsp;The ministry further said that the so-called Traffic Separation Scheme was not ⁠safe for use at this time, and two temporary routes to the north and south of the scheme could be used for evacuation.“The vessels will be contacted individually ⁠and advised of their allocated transit day by the parties coordinated by IMO,” it added.The Traffic Separation Scheme was adopted by the IMO ⁠in 1968 to establish routing lanes through Iranian and Omani waters in the Strait of Hormuz.

A spokesperson of the United Nations’ International Maritime Organisation said that the agency has secured the necessary safety guarantees and thoroughly verified the conditions for safe navigation to support the operation to evacuate the stranded seafarers.

The United Nations’ International Maritime Organisation said on Tuesday that it would start the evacuation of the more than 11,000 sailors stranded in the Persian Gulf due to the Strait of Hormuz closure by Iran, followed by the US naval blockade. “This large-scale operation will be carried out in close cooperation with Iran, Oman, all other coastal States in the region, the United States and the maritime industry,” IMO secretary-general Arsenio Dominguez said in a statement. Also Read: Iran’s Pezeshkian proposes a united security front of Muslim nations against their enemies “We have secured the necessary safety guarantees and have thoroughly verified the conditions for safe navigation to support these operations,” he added. “After months of hardship and distress for thousands of innocent seafarers and negative impact for the whole world, I welcome with deep satisfaction the peace agreement concluded between the United States and Iran, marking a decisive step towards restoring maritime security and bringing to an end the unacceptable attacks against civilian shipping,” said Dominguez. Also Read: Pakistan’s Op Sindoor lies busted, IAF document proves India’s Rafale fleet fully intact We have now started contacting the ships to start the evacuation, said an IMO spokesperson, ⁠without providing a timeframe. The IMO said it had secured the necessary safety guarantees and verified conditions for safe navigation. Oman’s ⁠defence ministry said separately that the evacuation process under the IMO plan, which has been under discussion for months, will be phased. “Given the elevated risk of collision in the current environment, a gradual and controlled evacuation of vessel traffic is required,” it said. Also Read: 11 India-bound ships carrying crude, LPG, fertilisers crossed Hormuz since US-Iran MoU signing; 10 still in Gulf: MEA The ministry further said that the so-called Traffic Separation Scheme was not ⁠safe for use at this time, and two temporary routes to the north and south of the scheme could be used for evacuation. “The vessels will be contacted individually ⁠and advised of their allocated transit day by the parties coordinated by IMO,” it added. The Traffic Separation Scheme was adopted by the IMO ⁠in 1968 to establish routing lanes through Iranian and Omani waters in the Strait of Hormuz.

A spokesperson of the United Nations’ International Maritime Organisation said that the agency has secured the necessary safety guarantees and thoroughly verified the conditions for safe navigation to support the operation to evacuate the stranded seafarers.

UN maritime body to evacuate 11,000 seafarers stranded in Persian Gulf since US-Iran war

The memorandum of understanding (MoU), which was reached in Islamabad, has triggered intense debate over the future of the Strait of Hormuz after the war. Some observers suggested that Iran has emerged with control over one of the world’s most important energy chokepoints.But according to war correspondent and analyst Elijah J Magnier, speaking to WION, the agreement does not hand the strait to Iran. Instead, it creates a temporary framework that allows both sides to negotiate how the waterway will be managed in the future.<h2>What does the MoU actually do?</h2>According to Magnier, the agreement establishes a 60-day period during which neither side will attempt to impose control over the strait. “For 60 days, nobody is going to control it as stipulated in the MoU,” he told WION.&nbsp;During this period, Iran and Oman, which share jurisdiction over the Strait of Hormuz, are expected to begin discussions on future arrangements governing navigation through the waterway.&nbsp;Magnier noted that the key question remains which legal framework will ultimately be used. There are competing interpretations regarding whether ships enjoy “free passage” or “innocent passage”, and whether older maritime conventions or newer international rules should apply.&nbsp;The analyst pointed out that Iran has long maintained reservations regarding parts of the modern law of the sea framework, making future negotiations particularly important.<h2>Can Iran impose fees on ships?</h2>One of the biggest questions is whether Iran could eventually charge vessels passing through the strait. Magnier argued that Iran may seek a model similar to that used by Turkey in the Bosphorus. Instead of charging a direct transit fee, Tehran could potentially levy charges related to security, environmental protection or maintenance services.&nbsp;“This is something that Iran can put forward and not ask for fees for passage and transit, but they can have it in a completely different way,” he added. According to Magnier, discussions during the 60 days are expected to focus heavily on precisely these issues.<h2>Does Trump’s blockade threat mean the war could restart?</h2>US President Donald Trump has warned that Washington could reimpose a blockade if Iran violates the roadmap. Magnier, however, downplayed the likelihood of a return to military confrontation.&nbsp;He argued that renewed hostilities would be costly for the United States economically and politically. He said oil markets remain highly sensitive to developments in the Gulf and any fresh disruption could trigger another surge in energy prices.&nbsp;“I don’t think the MoU was made for him to resume the blockade or the war,” Magnier said.Instead, he suggested that some of Trump’s rhetoric may be aimed at domestic political audiences as well as allies unhappy with the outcome of the conflict.<h2>What about nuclear inspections?</h2>The MoU has also sparked disagreement over nuclear inspections. While Washington has portrayed the agreement as paving the way for extensive inspections, Iran has maintained that no final commitments have yet been made. Magnier further said that the agreement itself makes clear that negotiations on a final deal are only beginning.&nbsp;According to his reading of the document, the current phase is focused on implementing initial confidence-building measures rather than finalising a permanent settlement.&nbsp;“Within these 60 days, it’s just talk, nothing is finalised,” he said.&nbsp;The analyst argued that allowing inspectors back into Iran could be viewed as a goodwill gesture, but also as leverage Tehran could use if it believes the United States is failing to meet its own obligations under the agreement.<h2>Why does Iran say Hormuz will not return to pre-war conditions?</h2>Iranian officials have repeatedly stated that the Strait of Hormuz will not revert to the arrangements that existed before the conflict. Magnier believes this does not necessarily mean Tehran will shut the strait or gain unrestricted authority over it.&nbsp;Instead, Iran appears to be signalling that future rules could include additional security, environmental or regulatory measures that did not previously exist.&nbsp;According to Magnier, Washington may ultimately accept such changes if they do not significantly disrupt global energy flows.&nbsp;The analyst noted that around 80 per cent of the oil moving through Hormuz is destined for China and other Asian markets, reducing the direct economic impact on America.

The Islamabad MoU creates a temporary 60-day framework for maritime management rather than giving Iran control over the Strait of Hormuz, initiating negotiations on transit rules, fees, and security.

The memorandum of understanding (MoU), which was reached in Islamabad, has triggered intense debate over the future of the Strait of Hormuz after the war. Some observers suggested that Iran has emerged with control over one of the world’s most important energy chokepoints. But according to war correspondent and analyst Elijah J Magnier, speaking to WION, the agreement does not hand the strait to Iran. Instead, it creates a temporary framework that allows both sides to negotiate how the waterway will be managed in the future. What does the MoU actually do? According to Magnier, the agreement establishes a 60-day period during which neither side will attempt to impose control over the strait. “For 60 days, nobody is going to control it as stipulated in the MoU,” he told WION. During this period, Iran and Oman, which share jurisdiction over the Strait of Hormuz, are expected to begin discussions on future arrangements governing navigation through the waterway. Magnier noted that the key question remains which legal framework will ultimately be used. There are competing interpretations regarding whether ships enjoy “free passage” or “innocent passage”, and whether older maritime conventions or newer international rules should apply. The analyst pointed out that Iran has long maintained reservations regarding parts of the modern law of the sea framework, making future negotiations particularly important. Can Iran impose fees on ships? One of the biggest questions is whether Iran could eventually charge vessels passing through the strait. Magnier argued that Iran may seek a model similar to that used by Turkey in the Bosphorus. Instead of charging a direct transit fee, Tehran could potentially levy charges related to security, environmental protection or maintenance services. “This is something that Iran can put forward and not ask for fees for passage and transit, but they can have it in a completely different way,” he added. According to Magnier, discussions during the 60 days are expected to focus heavily on precisely these issues. Does Trump’s blockade threat mean the war could restart? US President Donald Trump has warned that Washington could reimpose a blockade if Iran violates the roadmap. Magnier, however, downplayed the likelihood of a return to military confrontation. He argued that renewed hostilities would be costly for the United States economically and politically. He said oil markets remain highly sensitive to developments in the Gulf and any fresh disruption could trigger another surge in energy prices. “I don’t think the MoU was made for him to resume the blockade or the war,” Magnier said. Instead, he suggested that some of Trump’s rhetoric may be aimed at domestic political audiences as well as allies unhappy with the outcome of the conflict. What about nuclear inspections? The MoU has also sparked disagreement over nuclear inspections. While Washington has portrayed the agreement as paving the way for extensive inspections, Iran has maintained that no final commitments have yet been made. Magnier further said that the agreement itself makes clear that negotiations on a final deal are only beginning. According to his reading of the document, the current phase is focused on implementing initial confidence-building measures rather than finalising a permanent settlement. “Within these 60 days, it’s just talk, nothing is finalised,” he said. The analyst argued that allowing inspectors back into Iran could be viewed as a goodwill gesture, but also as leverage Tehran could use if it believes the United States is failing to meet its own obligations under the agreement. Why does Iran say Hormuz will not return to pre-war conditions? Iranian officials have repeatedly stated that the Strait of Hormuz will not revert to the arrangements that existed before the conflict. Magnier believes this does not necessarily mean Tehran will shut the strait or gain unrestricted authority over it. Instead, Iran appears to be signalling that future rules could include additional security, environmental or regulatory measures that did not previously exist. According to Magnier, Washington may ultimately accept such changes if they do not significantly disrupt global energy flows. The analyst noted that around 80 per cent of the oil moving through Hormuz is destined for China and other Asian markets, reducing the direct economic impact on America.

The Islamabad MoU creates a temporary 60-day framework for maritime management rather than giving Iran control over the Strait of Hormuz, initiating negotiations on transit rules, fees, and security.

WION Exclusive: Why Islamabad MoU doesn’t hand Hormuz to Iran

The Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal shared in a press briefing on Tuesday that 11 India-bound vessels have safely crossed the Strait of Hormuz since the signing of the memorandum of understanding (MoU) between the United States and Iran; 10 are still in the Persian Gulf, while two additional Indian ships have crossed into the Persian Gulf from the western side.&nbsp;“We have 10 Indian-flagged vessels still in the Persian Gulf region. In addition, two Indian ships have crossed from this side into the Persian Gulf. Since the signing of the MoU on June 17, eleven India-bound vessels have crossed the Strait of Hormuz,” said the MEA spokesperson.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/lucknow-fire-tragedy-3-arrested-4-officials-suspended-sit-set-up-for-probe-1782159599783">Lucknow fire tragedy: 3 arrested; 4 officials suspended; SIT set up for probe</a>&nbsp;

<blockquote class="twitter-tweet"><a href="https://x.com/hashtag/MEABriefing?src=hash&amp;ref_src=twsrc%5Etfw">#MEABriefing</a> | 𝐖𝐞𝐞𝐤𝐥𝐲 𝐌𝐞𝐝𝐢𝐚 𝐁𝐫𝐢𝐞𝐟𝐢𝐧𝐠 𝐛𝐲 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐌𝐢𝐧𝐢𝐬𝐭𝐫𝐲 𝐨𝐟 𝐄𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐀𝐟𝐟𝐚𝐢𝐫𝐬 𝐒𝐩𝐨𝐤𝐞𝐬𝐩𝐞𝐫𝐬𝐨𝐧 We have ten Indian flagged vessels still in the Persian Gulf region. In addition, we have two Indian ships which have crossed… <a href="https://t.co/NVshRLReNL">pic.twitter.com/NVshRLReNL</a>&mdash; All India Radio News (@airnewsalerts) <a href="https://x.com/airnewsalerts/status/2069375297401848228?ref_src=twsrc%5Etfw">June 23, 2026</a></blockquote> <script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

&nbsp;&nbsp;“The vessels include three India-flagged crude oil tankers, each carrying 2,85,000 metric tonnes of crude oil, one foreign-flag LPG carrier; one foreign-flag crude oil tanker; and six foreign-flag bulk carriers carrying fertiliser, and it is our expectation and hope that the remaining Indian-flag vessels, of which the number I just gave you, would also be able to cross the order soon,” Jaiswal added.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/14-students-killed-in-fire-at-animation-centre-in-lucknow-many-jump-from-1st-floor-1782130828955">15 killed in fire at animation centre in Lucknow; many jump off 1st floor</a><h2>Strait of Hormuz reopened last week, but Tehran's threats for closure continue &nbsp;</h2>&nbsp;The MEA’s comments come during uncertainty about transit through the strategic waterway, a key route for global oil and gas transport, amid contradictory statements from the US and Iran. The Strait of Hormuz reopened last week after the MoU signing and the lifting of the naval blockade by the US. However, on Saturday Tehran announced that it had closed the strait again following Israeli attacks in Lebanon.&nbsp;The Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and the Arabian Sea and serves as a key route for crude oil exports from Saudi Arabia, Qatar, Iraq, Kuwait, the UAE and Iran.&nbsp;Also Read: <a href="https://www.wionews.com/world/vance-says-iran-has-agreed-to-resume-iaea-nuclear-inspections-probably-by-this-week-1782143460029">Vance says Iran has agreed to resume IAEA nuclear inspections, probably by ‘this week’</a>&nbsp;The Iran-US war and naval blockade on shipping through the strait had disrupted oil flows, squeezed global energy supplies and led to a sharp rise in crude prices.&nbsp;<h2>Tracking firms indicate increased vessel movement</h2>&nbsp;Maritime traffic through the strait has picked up pace, and tracking firms indicate increased vessel movement in recent days.&nbsp;President Donald Trump said in a Truth Social post on Tuesday that 19 million barrels of oil flowed out of the Hormuz Strait on Monday. “Oil prices are tumbling down, and the world is a much safer place.”&nbsp;&nbsp;

Also Read: <a href="https://www.wionews.com/business-economy/cred-founder-kunal-shah-becomes-global-ceo-of-whatsapp-meta-invests-900-million-in-fintech-startup-1782137297377">CRED founder Kunal Shah becomes global CEO of WhatsApp as Meta invests $900 million in startup</a> Last Thursday, the US lifted its blockade of Iran, allowing oil tankers to move through Hormuz as a tentative agreement to end the war came into effect.On June 17, President Donald Trump signed an agreement with Iran that calls for Tehran to dilute its stockpile of highly enriched uranium and waives US-backed sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington.

Three India-flagged crude oil tankers, each carrying 2,85,000 metric tonnes of crude oil, one foreign-flag LPG carrier, one foreign-flag crude oil tanker, and six foreign-flag bulk carriers carrying fertiliser crossed through the Strait of Hormuz, the MEA spokesperson said.

The Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal shared in a press briefing on Tuesday that 11 India-bound vessels have safely crossed the Strait of Hormuz since the signing of the memorandum of understanding (MoU) between the United States and Iran; 10 are still in the Persian Gulf, while two additional Indian ships have crossed into the Persian Gulf from the western side. “We have 10 Indian-flagged vessels still in the Persian Gulf region. In addition, two Indian ships have crossed from this side into the Persian Gulf. Since the signing of the MoU on June 17, eleven India-bound vessels have crossed the Strait of Hormuz,” said the MEA spokesperson. Also Read: Lucknow fire tragedy: 3 arrested; 4 officials suspended; SIT set up for probe

Three India-flagged crude oil tankers, each carrying 2,85,000 metric tonnes of crude oil, one foreign-flag LPG carrier, one foreign-flag crude oil tanker, and six foreign-flag bulk carriers carrying fertiliser crossed through the Strait of Hormuz, the MEA spokesperson said.

11 India-bound ships carrying crude, LPG, fertilisers crossed Hormuz since US-Iran MoU signing; 10 still in Gulf: MEA

Iran’s chief negotiator and Parliament Speaker Mohammad Bagher Ghalibaf said that the Strait of Hormuz will be administered by Tehran, state media reported on Tuesday (Jun 23). This comes after the first round of talks between the United States and Iran concluded at the luxury Swiss resort of Burgenstock on Monday (Jun 22), with mediators Pakistan and Qatar describing the discussions as “positive and constructive”. In a video message, Ghalibaf said that the discussions produced “good achievements”.“The Strait of Hormuz will never return to its pre-war conditions and will be administered by the Islamic Republic of Iran, in accordance with international law,” Ghalibaf said as quoted by IRNA.Also read | <a href="https://www.wionews.com/world/hormuz-is-not-your-personal-casino-iranian-lawmaker-slams-trump-amid-us-iran-talks-1782115138124">‘Hormuz is not your personal casino’: Iranian lawmaker slams Trump amid US-Iran talks</a>Speaking about the discussions in Switzerland, Ghalibaf said, “In my view, this trip had good achievements, especially regarding the discussion of the Strait, the Lebanon discussions, the question of oil waiver, and the matter of releasing the frozen funds.”“Of course, we believe we are still at the beginning of this work and must continue our efforts,” he added.<h2>What happened at US-Iran talks?</h2>The first round of talks following the virtual signing of the US-Iran deal to end the conflict in the Middle East at the Lake Lucerne Summit in Burgenstock, Switzerland, has concluded. After the discussions, Meditiators Pakistan and Qatar issued a joint statement on Monday (Jun 22), saying that progress was made towards ending the war.Also read | <a href="https://www.wionews.com/world/israel-will-not-withdraw-katz-says-israeli-troops-will-remain-at-beaufort-in-southern-lebanon-1782111428539">‘Israel will not withdraw’: Katz says Israeli troops will remain at Beaufort in southern Lebanon</a>During the talks, the US and Iran agreed to set up communication lines to keep the vital Strait of Hormuz open and end hostilities in Lebanon. The Statement added that the negotiators reached an agreement on a “roadmap towards reaching a final deal within 60 days”. Technical talks are expected to continue for the rest of the week at the Swiss resort of Burgenstock“Encouraging progress has been made including the creation of a mechanism for further technical talks,” mediators said, detailing a contact channel set up to “avoid incidents and miscommunication” at the Strait of Hormuz.In addition, a “de-confliction cell” between the parties and the Lebanese authorities has also been agreed upon to avoid the renewal of fighting.Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Iran’s Parliament Speaker Mohammad Bagher Ghalibaf said the Strait of Hormuz will remain under Iranian administration and will not return to pre-war conditions.

Iran’s chief negotiator and Parliament Speaker Mohammad Bagher Ghalibaf said that the Strait of Hormuz will be administered by Tehran, state media reported on Tuesday (Jun 23). This comes after the first round of talks between the United States and Iran concluded at the luxury Swiss resort of Burgenstock on Monday (Jun 22), with mediators Pakistan and Qatar describing the discussions as “positive and constructive”. In a video message, Ghalibaf said that the discussions produced “good achievements”. “The Strait of Hormuz will never return to its pre-war conditions and will be administered by the Islamic Republic of Iran, in accordance with international law,” Ghalibaf said as quoted by IRNA. Also read | ‘Hormuz is not your personal casino’: Iranian lawmaker slams Trump amid US-Iran talks Speaking about the discussions in Switzerland, Ghalibaf said, “In my view, this trip had good achievements, especially regarding the discussion of the Strait, the Lebanon discussions, the question of oil waiver, and the matter of releasing the frozen funds.” “Of course, we believe we are still at the beginning of this work and must continue our efforts,” he added. What happened at US-Iran talks? The first round of talks following the virtual signing of the US-Iran deal to end the conflict in the Middle East at the Lake Lucerne Summit in Burgenstock, Switzerland, has concluded. After the discussions, Meditiators Pakistan and Qatar issued a joint statement on Monday (Jun 22), saying that progress was made towards ending the war. Also read | ‘Israel will not withdraw’: Katz says Israeli troops will remain at Beaufort in southern Lebanon During the talks, the US and Iran agreed to set up communication lines to keep the vital Strait of Hormuz open and end hostilities in Lebanon. The Statement added that the negotiators reached an agreement on a “roadmap towards reaching a final deal within 60 days”. Technical talks are expected to continue for the rest of the week at the Swiss resort of Burgenstock “Encouraging progress has been made including the creation of a mechanism for further technical talks,” mediators said, detailing a contact channel set up to “avoid incidents and miscommunication” at the Strait of Hormuz. In addition, a “de-confliction cell” between the parties and the Lebanese authorities has also been agreed upon to avoid the renewal of fighting. Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Iran’s Parliament Speaker Mohammad Bagher Ghalibaf said the Strait of Hormuz will remain under Iranian administration and will not return to pre-war conditions.

‘Will never return to pre-war conditions’: Iran says Hormuz will be under Tehran control

Iran's ​top ‌negotiator Mohammad ​Baqer Qalibaf and Foreign ​Minister Abbas Araqchi are travelling to Oman to discuss joint ‌efforts to "consolidate" Iranian ‌arrangements for managing shipping in ⁠the Strait ​of ⁠Hormuz, according to a ⁠statement on his Telegram channel ​on Monday. They are likely to meet the Sultan of Oman Haitham bin Tariq to discuss ways to expand bilateral cooperation between Tehran and Muscat.&nbsp;Other than covering regional developments the leaders are likely to discuss arrangements related to the administration of the Strait of Hormuz.&nbsp;ALSO READ: <a href="https://www.wionews.com/world/15-killed-including-indian-workers-in-explosion-at-qatar-s-largest-gas-facility-1782146752885">Indian workers among 13 dead in explosion at Qatar's largest gas facility</a>&nbsp;This comes amid United States partially lifting sanctions on Iranian oil exports after “encouraging” talks in Switzerland over ending the war.&nbsp;A 60-day sanctions waiver was issued by the US treasury on Monday, allowing production, delivery and sale of Iranian oil to the US.<h2>Rubio to meet with Gulf Cooperation Council</h2>&nbsp;Meanwhile, US Secretary of State Marco Rubio will be travelling to United Arab Emirates, Kuwait and Bahrain on Tuesday to try and sell &nbsp;its preliminary Iran accord directly to Gulf Arab allies.&nbsp;Rubio, during his visit to Bahrain will also meet meet with the Gulf Cooperation Council (GCC) that also includes Saudi Arabia, Qatar and Oman, according to State Department spokesperson Tommy ​Pigott.&nbsp;GCC leaders have largely backed the peace efforts to end the Iran conflict but some are not very comfortable with the specific terms of the memorandum of understanding that US signed last week.&nbsp;One of the biggest concern is the the possibility of a $300 billion ​reconstruction fund for Tehran being used by its leaders to rebuild its military capacity, while funding regional proxy groups.&nbsp;The failure to address Iran's ballistic missile program is also a cause of worry for the GCC countries that bore the brunt of Iranian missile and drone attacks in recent months.Notably, &nbsp;UAE, Saudi Arabia, Kuwait, Bahrain and Qatar all host ​US military bases.&nbsp;

The visit by Qalibaf and Araghchi to Oman comes amid United States partially lifting sanctions on Iranian oil exports after “encouraging” talks in Switzerland over ending the war.

Iran's top ‌negotiator Mohammad Baqer Qalibaf and Foreign Minister Abbas Araqchi are travelling to Oman to discuss joint ‌efforts to "consolidate" Iranian ‌arrangements for managing shipping in ⁠the Strait of ⁠Hormuz, according to a ⁠statement on his Telegram channel on Monday. They are likely to meet the Sultan of Oman Haitham bin Tariq to discuss ways to expand bilateral cooperation between Tehran and Muscat. Other than covering regional developments the leaders are likely to discuss arrangements related to the administration of the Strait of Hormuz. ALSO READ: Indian workers among 13 dead in explosion at Qatar's largest gas facility This comes amid United States partially lifting sanctions on Iranian oil exports after “encouraging” talks in Switzerland over ending the war. A 60-day sanctions waiver was issued by the US treasury on Monday, allowing production, delivery and sale of Iranian oil to the US. Rubio to meet with Gulf Cooperation Council Meanwhile, US Secretary of State Marco Rubio will be travelling to United Arab Emirates, Kuwait and Bahrain on Tuesday to try and sell its preliminary Iran accord directly to Gulf Arab allies. Rubio, during his visit to Bahrain will also meet meet with the Gulf Cooperation Council (GCC) that also includes Saudi Arabia, Qatar and Oman, according to State Department spokesperson Tommy Pigott. GCC leaders have largely backed the peace efforts to end the Iran conflict but some are not very comfortable with the specific terms of the memorandum of understanding that US signed last week. One of the biggest concern is the the possibility of a $300 billion reconstruction fund for Tehran being used by its leaders to rebuild its military capacity, while funding regional proxy groups. The failure to address Iran's ballistic missile program is also a cause of worry for the GCC countries that bore the brunt of Iranian missile and drone attacks in recent months. Notably, UAE, Saudi Arabia, Kuwait, Bahrain and Qatar all host US military bases.

The visit by Qalibaf and Araghchi to Oman comes amid United States partially lifting sanctions on Iranian oil exports after “encouraging” talks in Switzerland over ending the war.

Iranian negotiators Qalibaf, Araghchi to visit Oman to discuss 'consolidating' shipping in Hormuz

Head of the Iranian Parliament’s National Security Committee Ebrahim Azizi slammed US President Donald over the strategic Strait of Hormuz. This comes as first round of talks between Washington and Tehran took place in Switzerland on Monday (Jun 22), with mediators Pakistan and Qatar describing the discussions as “positive and constructive”. Despite the talks, Trump threatened Tehran of renewed strikes over continued fighting in Lebanon, prompting Israeli delegation to walk out of the talks briefly in protest.“You make threats; we take action,” Azizi warned. “The Strait of Hormuz is neither your personal casino nor the backyard of modern-day pirates; these are Iranian sovereign waters, and the ultimate decision rests with the noble people of Iran and its brave armed forces.”<h2>What happened at US-Iran talks?</h2>The first round of talks following the virtual signing of the US-Iran deal to end the conflict in the Middle East at the Lake Lucerne Summit in Burgenstock, Switzerland has concluded. After the discussions, Meditiators Pakistan and Qatar issued a joint statement on Monday (Jun 22), saying that progress was made towards ending the war.During the talks, the US and Iran agreed to set up communication lines to keep the vital Strait of Hormuz open and end hostilities in Lebanon. The Statement added that the negotiators reached agreement on a “roadmap towards reaching a final deal within 60 days”. Technical talks are expected to continue for the rest of the week at the Swiss resort of Burgenstock“Encouraging progress has been made including the creation of a mechanism for further technical talks,” mediators said, detailing a contact channel set up to “avoid incidents and miscommunication” at the Strait of Hormuz.In addition, a “de-confliction cell” between the parties and the Lebanese authorities has also been agreed to avoid renewal of fighting.Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Iranian lawmaker Ebrahim Azizi warned Trump over the Strait of Hormuz as US-Iran talks in Switzerland made progress. Both sides agreed to communication channels and a roadmap for a final deal.

Head of the Iranian Parliament’s National Security Committee Ebrahim Azizi slammed US President Donald over the strategic Strait of Hormuz. This comes as first round of talks between Washington and Tehran took place in Switzerland on Monday (Jun 22), with mediators Pakistan and Qatar describing the discussions as “positive and constructive”. Despite the talks, Trump threatened Tehran of renewed strikes over continued fighting in Lebanon, prompting Israeli delegation to walk out of the talks briefly in protest. “You make threats; we take action,” Azizi warned. “The Strait of Hormuz is neither your personal casino nor the backyard of modern-day pirates; these are Iranian sovereign waters, and the ultimate decision rests with the noble people of Iran and its brave armed forces.” What happened at US-Iran talks? The first round of talks following the virtual signing of the US-Iran deal to end the conflict in the Middle East at the Lake Lucerne Summit in Burgenstock, Switzerland has concluded. After the discussions, Meditiators Pakistan and Qatar issued a joint statement on Monday (Jun 22), saying that progress was made towards ending the war. During the talks, the US and Iran agreed to set up communication lines to keep the vital Strait of Hormuz open and end hostilities in Lebanon. The Statement added that the negotiators reached agreement on a “roadmap towards reaching a final deal within 60 days”. Technical talks are expected to continue for the rest of the week at the Swiss resort of Burgenstock “Encouraging progress has been made including the creation of a mechanism for further technical talks,” mediators said, detailing a contact channel set up to “avoid incidents and miscommunication” at the Strait of Hormuz. In addition, a “de-confliction cell” between the parties and the Lebanese authorities has also been agreed to avoid renewal of fighting. Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, the US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Iranian lawmaker Ebrahim Azizi warned Trump over the Strait of Hormuz as US-Iran talks in Switzerland made progress. Both sides agreed to communication channels and a roadmap for a final deal.

‘Hormuz is not your personal casino’: Iranian lawmaker slams Trump amid US-Iran talks

The first round of high-level talks between the US and Iran in Switzerland has concluded, marking a critical step toward regional stability. Mediated by Qatar and Pakistan, the discussions focused on implementing a roadmap for a final deal within 60 days.

US-Iran Talks: Iran, US Agree to Set Up Communication Line to Avoid Hormuz Incidents

The Strait of Hormuz should not be reopened until several conditions outlined in the Iran-US memorandum of understanding (MoU) are fully implemented, including the release of at least $12 billion in Iranian assets, the IRGC-affiliated.&nbsp;According to Tasnim News Agency, which reported on Saturday (June 20), reopening the strategic waterway solely in exchange for the lifting of the US naval blockade would amount to a "strategic mistake" and would violate the terms of the Iran-US agreement.&nbsp;Also read: <a href="https://www.wionews.com/india-news/as-long-as-pm-modi-is-the-leader-india-will-play-big-role-n-everything-says-trump-at-bilateral-meeting-with-indian-pm-1781705904726">'As long as PM Modi is the leader, India will play big role in everything,' says Trump at bilateral meeting with Indian PM</a>&nbsp;The news agency said Iran should insist on the fulfilment of all commitments under the MoU before allowing maritime traffic through the strait to resume. Among the conditions cited were the release of frozen Iranian funds, the implementation of waivers on oil-related sanctions, and Israel's withdrawal from Lebanon.&nbsp;Also read: <a href="https://www.wionews.com/india-news/if-they-were-attacked-we-d-be-there-to-help-them-trump-reaffirms-defence-ties-with-india-1781709163917">‘If they were attacked, we'd be there to help them,' Trump reaffirms defence ties with India</a>&nbsp;Tasnim argued that restricting the reopening of the Strait of Hormuz to a single concession from Washington would undermine the broader framework of understandings reached between Tehran and the United States.&nbsp;Also read: <a href="https://www.wionews.com/world/very-much-looking-forward-to-it-says-us-ambassador-to-india-sergio-gor-on-modi-trump-bilateral-meeting-1781702924674">'Very much looking forward to it,' US Ambassador to India Sergio Gor to WION on Modi-Trump bilateral meeting</a>&nbsp;The report further stated that the waterway should remain closed until all obligations under the memorandum have been carried out in full, including measures linked to regional security and economic sanctions. The Strait of Hormuz is one of the world's most important oil transit routes, and any disruption to shipping through the passage has significant implications for global energy markets. &nbsp;Also read: <a href="https://www.wionews.com/world/got-away-with-murder-for-47-years-trump-hits-at-iran-calls-it-world-s-number-one-sponsor-of-terror-1781956806079">‘Got away with murder’ for 47 years, Trump hits out at Iran, calls it ‘world’s number one sponsor of terror’</a>

Iran’s Tasnim News Agency argued the Strait of Hormuz must remain closed until the US releases $12 billion in assets, lifts oil sanctions, and Israel completely withdraws from Lebanon.

The Strait of Hormuz should not be reopened until several conditions outlined in the Iran-US memorandum of understanding (MoU) are fully implemented, including the release of at least $12 billion in Iranian assets, the IRGC-affiliated. According to Tasnim News Agency, which reported on Saturday (June 20), reopening the strategic waterway solely in exchange for the lifting of the US naval blockade would amount to a "strategic mistake" and would violate the terms of the Iran-US agreement. Also read: 'As long as PM Modi is the leader, India will play big role in everything,' says Trump at bilateral meeting with Indian PM The news agency said Iran should insist on the fulfilment of all commitments under the MoU before allowing maritime traffic through the strait to resume. Among the conditions cited were the release of frozen Iranian funds, the implementation of waivers on oil-related sanctions, and Israel's withdrawal from Lebanon. Also read: ‘If they were attacked, we'd be there to help them,' Trump reaffirms defence ties with India Tasnim argued that restricting the reopening of the Strait of Hormuz to a single concession from Washington would undermine the broader framework of understandings reached between Tehran and the United States. Also read: 'Very much looking forward to it,' US Ambassador to India Sergio Gor to WION on Modi-Trump bilateral meeting The report further stated that the waterway should remain closed until all obligations under the memorandum have been carried out in full, including measures linked to regional security and economic sanctions. The Strait of Hormuz is one of the world's most important oil transit routes, and any disruption to shipping through the passage has significant implications for global energy markets. Also read: ‘Got away with murder’ for 47 years, Trump hits out at Iran, calls it ‘world’s number one sponsor of terror’

Iran’s Tasnim News Agency argued the Strait of Hormuz must remain closed until the US releases $12 billion in assets, lifts oil sanctions, and Israel completely withdraws from Lebanon.

Hormuz should remain closed until Iran's assets are released, Israel exits Lebanon: Tasnim

Iran's central military command announced on Saturday that it had once again closed the vital Strait of Hormuz over Israel's attacks on southern Lebanon, describing them as a breach of Tehran's agreement with the US. "It is hereby announced that the Strait of Hormuz will be closed to vessel traffic; It is noted that this first step is a response to the enemy's breach of promise, and if the aggression continues, further steps will be planned and taken to force the enemy to comply with its obligations," said the Khatam-al Anbiya Central Headquarters in a statement carried by state TV.

Hormuz Lockdown: Iran Takes First Step After Ceasefire Crisis

Iran's central military command announced on Saturday that it had once again closed the vital Strait of Hormuz over Israel's attacks on southern Lebanon, describing them as a breach of Tehran's agreement with the US. "It is hereby announced that the Strait of Hormuz will be closed to vessel traffic; It is noted that this first step is a response to the enemy's breach of promise, and if the aggression continues, further steps will be planned and taken to force the enemy to comply with its obligations," said the Khatam-al Anbiya Central Headquarters in a statement carried by state TV.


Iran Closes Hormuz, Cites Israeli Strikes on Lebanon as Ceasefire Breach

US President Donald Trump on Wednesday (June 17) defended the return of frozen Iranian assets, saying that permanently withholding another country's funds could have an adverse affect on US dollar and the international financial system. Detailing the predicament in holding back the frozen assets, Trump while replying to a porters question on the matter said, "The unfreezing... we have taken a lot of their money. And we have their money. We have taken their money, it's not our money, it's their money. And we froze it. At a certain point in time, I guess we're going to have to give it back. You know, if we didn't give it back, nobody would ever invest in the dollar again."&nbsp;Elaborating further Trump said that retaining the funds could appear to be a wise decision for a while but in the long term it could hamper the credibility of the US financial system.&nbsp;ALSO READ: <a href="https://www.wionews.com/world/hormuz-to-reopen-and-us-blockade-to-be-lifted-immediately-as-us-iran-mou-takes-effect-1781744403816">Hormuz to reopen and US blockade to be lifted immediately as US-Iran MoU takes effect</a>&nbsp;"I thought about it. I'm not the most perfect person. I said, 'What if we keep their money? What the hell are we giving it back to them?' But people from lots of nations, some nations we don't agree with, they have their money, the dollar's become very strong under me, and they don't want to have a little conflict with somebody and end up having the United States just take their money," Trump said.<h2>Hormuz to reopen</h2>&nbsp;Meanwhile, the signing of the US-Iran memorandum of understanding to end the Middle East war will reopen the Strait of Hormuz that was blocked by Iran a few days after the war began between the two countries on February 28. The US naval blockade of the Strait will also be lifted.&nbsp;The news of the US-Iran interim agreement signing had it immediate affect as oil prices declined in early trading on Thursday, 18 June, as markets reacted to expectations of reduced tensions, reopening of the Strait of Hormuz and easing of US sanctions on Iranian oil exports.&nbsp;The deal is expected to address one of the biggest disruptions to global energy supplies in recent history. Brent crude futures fell 89 cents, or 1.12 per cent, to $78.66 per barrel, while US West Texas Intermediate (WTI) crude declined 98 cents, or 1.28 per cent, to $75.81 per barrel.&nbsp;&nbsp;&nbsp;

Elaborating further Trump said that retaining the funds could appear to be a wise decision for a while but in the long term it could hamper the credibility of the US financial system.

US President Donald Trump on Wednesday (June 17) defended the return of frozen Iranian assets, saying that permanently withholding another country's funds could have an adverse affect on US dollar and the international financial system. Detailing the predicament in holding back the frozen assets, Trump while replying to a porters question on the matter said, "The unfreezing... we have taken a lot of their money. And we have their money. We have taken their money, it's not our money, it's their money. And we froze it. At a certain point in time, I guess we're going to have to give it back. You know, if we didn't give it back, nobody would ever invest in the dollar again." Elaborating further Trump said that retaining the funds could appear to be a wise decision for a while but in the long term it could hamper the credibility of the US financial system. ALSO READ: Hormuz to reopen and US blockade to be lifted immediately as US-Iran MoU takes effect "I thought about it. I'm not the most perfect person. I said, 'What if we keep their money? What the hell are we giving it back to them?' But people from lots of nations, some nations we don't agree with, they have their money, the dollar's become very strong under me, and they don't want to have a little conflict with somebody and end up having the United States just take their money," Trump said. Hormuz to reopen Meanwhile, the signing of the US-Iran memorandum of understanding to end the Middle East war will reopen the Strait of Hormuz that was blocked by Iran a few days after the war began between the two countries on February 28. The US naval blockade of the Strait will also be lifted. The news of the US-Iran interim agreement signing had it immediate affect as oil prices declined in early trading on Thursday, 18 June, as markets reacted to expectations of reduced tensions, reopening of the Strait of Hormuz and easing of US sanctions on Iranian oil exports. The deal is expected to address one of the biggest disruptions to global energy supplies in recent history. Brent crude futures fell 89 cents, or 1.12 per cent, to $78.66 per barrel, while US West Texas Intermediate (WTI) crude declined 98 cents, or 1.28 per cent, to $75.81 per barrel.

Elaborating further Trump said that retaining the funds could appear to be a wise decision for a while but in the long term it could hamper the credibility of the US financial system.

Trump does a U-turn on Iranian frozen assets, says 'not our money'

Oil prices slipped in early trading on Thursday (Jun 18) after the United States and Iran signed an interim deal to end the war in the Middle East. Shortly after the signing of the US-Iran memorandum of understanding, Pakistan’s Prime Minister Shehbaz Sharif announced that Tehran will reopen the Strait of Hormuz “instantly” and the American blockade of Iranian ports will end “immediately”. The development would mark the end of the largest energy disruption in history that rattled oil prices and global markets.As of 0005 GMT, Brent crude futures were down by 1.12 per cent, at $78.66 a barrel, while US West Texas Intermediate fell by 1.28 per cent to $75.81 a barrel.The benchmarks declined once again after briefly rising when US President Donald Trump on Wednesday (Jun 17) threatened Iran with a renewed bombing campaign if Iranians “don’t behave”.Also read | <a href="https://www.wionews.com/world/unfair-for-them-not-to-have-some-trump-says-iran-can-have-ballistic-missiles-as-peace-deal-takes-effect-1781755731618">‘Unfair for them not to have some’: Trump says Iran can have ballistic missiles as peace deal takes effect</a>“The sell-off extended as ​energy markets continued to aggressively price in a faster-than-expected return of Iranian barrels ​following the recent US-Iran memorandum of understanding,” IG market analyst Tony Sycamore said, as quoted by Reuters.The 14-point MoU has started a 60-day negotiation period during which Iran will allow maritime traffic to pass through the Strait of Hormuz toll-free. The deal also calls for the key shipping route to be restored to its full capacity within 30 days.The preliminary agreement leaves several contentious issues unresolved, most notably Iran’s nuclear programme. It also commits the United States and its partners to developing a $300 billion recovery package aimed at rebuilding Iran’s economy and infrastructure.Also read |<a href="https://www.wionews.com/world/very-difficult-guy-trump-says-netanyahu-nearly-derailed-us-iran-peace-deal-1781514228475"> ‘Very difficult guy’: Trump says Netanyahu nearly derailed US-Iran peace deal</a>Should the deal be fully implemented and the Strait of Hormuz reopened, the current supply crunch could eventually give way to a substantial oil surplus. In its monthly market report released on Wednesday, the International Energy Agency (IEA) stated that global oil supplies could exceed demand by 5.05 million barrels per day in 2027 as Middle Eastern exports return to international markets.Meanwhile, the US Federal Reserve is increasingly considering the possibility of raising interest rates later this year to curb inflationary pressures. Higher borrowing costs could slow economic activity and weigh on fuel consumption, potentially dampening oil demand.Nine of the Fed’s 19 policymakers now expect at least one rate hike this year – a notable shift from three months ago, when none anticipated tighter monetary policy.

Oil prices fell more than 1% after the US and Iran signed an interim deal to end their conflict, with Tehran set to reopen the Strait of Hormuz and restore disrupted energy flows.

Oil prices slipped in early trading on Thursday (Jun 18) after the United States and Iran signed an interim deal to end the war in the Middle East. Shortly after the signing of the US-Iran memorandum of understanding, Pakistan’s Prime Minister Shehbaz Sharif announced that Tehran will reopen the Strait of Hormuz “instantly” and the American blockade of Iranian ports will end “immediately”. The development would mark the end of the largest energy disruption in history that rattled oil prices and global markets. As of 0005 GMT, Brent crude futures were down by 1.12 per cent, at $78.66 a barrel, while US West Texas Intermediate fell by 1.28 per cent to $75.81 a barrel. The benchmarks declined once again after briefly rising when US President Donald Trump on Wednesday (Jun 17) threatened Iran with a renewed bombing campaign if Iranians “don’t behave”. Also read | ‘Unfair for them not to have some’: Trump says Iran can have ballistic missiles as peace deal takes effect “The sell-off extended as energy markets continued to aggressively price in a faster-than-expected return of Iranian barrels following the recent US-Iran memorandum of understanding,” IG market analyst Tony Sycamore said, as quoted by Reuters. The 14-point MoU has started a 60-day negotiation period during which Iran will allow maritime traffic to pass through the Strait of Hormuz toll-free. The deal also calls for the key shipping route to be restored to its full capacity within 30 days. The preliminary agreement leaves several contentious issues unresolved, most notably Iran’s nuclear programme. It also commits the United States and its partners to developing a $300 billion recovery package aimed at rebuilding Iran’s economy and infrastructure. Also read | ‘Very difficult guy’: Trump says Netanyahu nearly derailed US-Iran peace deal Should the deal be fully implemented and the Strait of Hormuz reopened, the current supply crunch could eventually give way to a substantial oil surplus. In its monthly market report released on Wednesday, the International Energy Agency (IEA) stated that global oil supplies could exceed demand by 5.05 million barrels per day in 2027 as Middle Eastern exports return to international markets. Meanwhile, the US Federal Reserve is increasingly considering the possibility of raising interest rates later this year to curb inflationary pressures. Higher borrowing costs could slow economic activity and weigh on fuel consumption, potentially dampening oil demand. Nine of the Fed’s 19 policymakers now expect at least one rate hike this year – a notable shift from three months ago, when none anticipated tighter monetary policy.

Oil prices fell more than 1% after the US and Iran signed an interim deal to end their conflict, with Tehran set to reopen the Strait of Hormuz and restore disrupted energy flows.

Crude oil prices fall more than 1% as Hormuz set to reopen after US-Iran peace deal

Iran's chief negotiator Mohammad Bagher Ghalibaf said on Wednesday that Tehran would move ahead with plans to charge vessels crossing the Strait of Hormuz after the 60 day fee free period outlined in the memorandum of understanding signed with the United States.&nbsp;Speaking in an interview broadcast on state television, Ghalibaf said the strategic waterway would not revert to the situation that existed before the conflict.&nbsp;"The Strait of Hormuz will not return to pre-war conditions," he said.&nbsp;He added, "Iran has the right to sovereignty over the Strait of Hormuz and of course we will receive a fee for services."&nbsp;The remarks came despite repeated statements from US President Donald Trump that the Strait of Hormuz would remain toll free and return to pre war conditions under the agreement reached between Washington and Tehran.&nbsp;Ghalibaf also described the agreement ending more than three months of conflict in the Middle East as a setback for Washington.&nbsp;Also Read: <a href="https://www.wionews.com/world/trump-signs-iran-deal-during-macron-dinner-at-versailles-mou-comes-into-force-1781734309821">Trump signs Iran deal during Macron dinner at Versailles; MoU comes into force</a>&nbsp;"The agreement is a record of US failure. People will see it and judge," he said on state television after the text of the agreement was released by both sides.&nbsp;His comments highlighted the differing interpretations emerging from Tehran and Washington following the signing of the memorandum of understanding.<h3>Iran confirms signing of agreement with US</h3>The development came after Iran formally confirmed that it had signed the agreement with the United States, a move earlier announced by Trump.&nbsp;Iranian Foreign Ministry spokesman Esmaeil Baqaei said the document had now been completed and signed by both countries.&nbsp;"The text of the Islamabad Memorandum of Understanding was finalised with the signatures of the presidents, now it is time to test the implementation of the agreement," Baqaei said, according to state news agency IRNA.

Iran's chief negotiator Mohammad Bagher Ghalibaf described the agreement ending the Middle East conflict as a setback for Washington, calling it evidence of a US failure.

Iran's chief negotiator Mohammad Bagher Ghalibaf said on Wednesday that Tehran would move ahead with plans to charge vessels crossing the Strait of Hormuz after the 60 day fee free period outlined in the memorandum of understanding signed with the United States. Speaking in an interview broadcast on state television, Ghalibaf said the strategic waterway would not revert to the situation that existed before the conflict. "The Strait of Hormuz will not return to pre-war conditions," he said. He added, "Iran has the right to sovereignty over the Strait of Hormuz and of course we will receive a fee for services." The remarks came despite repeated statements from US President Donald Trump that the Strait of Hormuz would remain toll free and return to pre war conditions under the agreement reached between Washington and Tehran. Ghalibaf also described the agreement ending more than three months of conflict in the Middle East as a setback for Washington. Also Read: Trump signs Iran deal during Macron dinner at Versailles; MoU comes into force "The agreement is a record of US failure. People will see it and judge," he said on state television after the text of the agreement was released by both sides. His comments highlighted the differing interpretations emerging from Tehran and Washington following the signing of the memorandum of understanding. Iran confirms signing of agreement with US The development came after Iran formally confirmed that it had signed the agreement with the United States, a move earlier announced by Trump. Iranian Foreign Ministry spokesman Esmaeil Baqaei said the document had now been completed and signed by both countries. "The text of the Islamabad Memorandum of Understanding was finalised with the signatures of the presidents, now it is time to test the implementation of the agreement," Baqaei said, according to state news agency IRNA.

Iran's chief negotiator Mohammad Bagher Ghalibaf described the agreement ending the Middle East conflict as a setback for Washington, calling it evidence of a US failure.

Iran to charge ships crossing Strait of Hormuz after 60 days; calls deal 'record of US failure'

Fury has continued to mount in India over the US’s refusal to apologise for the deaths of Indian sailors killed in strikes in the strait of Hormuz, further straining relations between the two countries as their leaders meet at the G7 summit in France this week.

Last week, three Indian seafarers, who were working on board commercial oil tankers, were killed when the US launched missile strikes on the vessel as it sailed through the strait of Hormuz.

G7 Summit 2026: Trump Condoles Indian Sailors' Killing, Says India Plays a Big Role in Everything

US President Donald Trump described the U.S.-Iran agreement as a “very strong deal” even though “nobody knows what it is.” Speaking during a bilateral meeting with the Egyptian president, Abdel-Fattah el-Sisi, Trump was questioned about the memorandum of understanding between the US and Iran. He also acknowledged that the details have not yet been made public.&nbsp;Trump said, "It’s a very strong deal. Nobody knows what it is, but it’s very strong, and most people seem to be very happy," expressing confidence in the agreement despite its undisclosed terms.&nbsp;Earlier in the day, Trump also warned that America ⁠could ​launch a bombing if he did not like it, as the memorandum of understanding on Iran was not final. “It’s a memorandum ​of ​understanding. And if ⁠I don’t like it, we’ll go back ‌to shooting at them, dropping bombs on their head. If I don’t like it, if they don’t behave, ⁠we’ll ⁠go right back to dropping bombs right smack ⁠in ‌the middle ​of their head, ‌OK?” said Donald Trump, at the G7 summit in ‌France.&nbsp;Trump ​stated that ​the memorandum of understanding with Iran did not include ​immediate sanctions relief for Tehran. Trump issued his fresh warning after Leaders at the Group of Seven summit gave their support behind the tentative agreement of the US and Iran to open the Strait of Hormuz, extending a shaky ceasefire.&nbsp;The leaders, in a joint declaration released overnight, described the deal as a historic opportunity to stop Iran from obtaining nuclear weapons and to address concerns over its regional and ballistic missile activities. They also expressed their willingness to support the deal's implementation, although neither the White House nor Iran has released the text of the agreement.&nbsp;Also read: <a href="https://www.wionews.com/world/closest-and-most-trusted-partner-bhutan-hails-india-s-role-in-strengthening-its-healthcare-system-medical-education-1781693402051">WION Health Pulse: 'Closest and most trusted partner': Bhutan hails India's role in strengthening its healthcare system</a><h3>Iran to reopen the Strait of Hormuz?</h3>According to leaked versions of an interim framework, Iran would move quickly to reopen the Strait of Hormuz once the agreement is signed and would be permitted to export its oil without restrictions. Officials familiar with the matter said the leaked document largely reflects the actual terms of the accord, according to several reports. The agreement, which is expected to be formally signed at a ceremony in Switzerland on Friday, states that the United States would work towards lifting all US and United Nations sanctions on Iran if a final settlement on Tehran’s nuclear programme is achieved.&nbsp;However, Trump indicated that the details remain confidential. Speaking during a bilateral meeting with Egyptian President Abdel-Fattah el-Sisi, he told reporters, “Nobody knows what it is, but it’s very strong.” The final day of summit talks began late with Trump, saying “I’m the boss” as he entered the room and sat next to host French President Emmanuel Macron. The assembled leaders laughed, and Trump grinned.&nbsp;

Trump issued his fresh warning after Leaders at the Group of Seven summit gave their support behind the tentative agreement of the US and Iran to open the Strait of Hormuz, extending a shaky ceasefire.

US President Donald Trump described the U.S.-Iran agreement as a “very strong deal” even though “nobody knows what it is.” Speaking during a bilateral meeting with the Egyptian president, Abdel-Fattah el-Sisi, Trump was questioned about the memorandum of understanding between the US and Iran. He also acknowledged that the details have not yet been made public. Trump said, "It’s a very strong deal. Nobody knows what it is, but it’s very strong, and most people seem to be very happy," expressing confidence in the agreement despite its undisclosed terms. Earlier in the day, Trump also warned that America ⁠could launch a bombing if he did not like it, as the memorandum of understanding on Iran was not final. “It’s a memorandum of understanding. And if ⁠I don’t like it, we’ll go back ‌to shooting at them, dropping bombs on their head. If I don’t like it, if they don’t behave, ⁠we’ll ⁠go right back to dropping bombs right smack ⁠in ‌the middle of their head, ‌OK?” said Donald Trump, at the G7 summit in ‌France. Trump stated that the memorandum of understanding with Iran did not include immediate sanctions relief for Tehran. Trump issued his fresh warning after Leaders at the Group of Seven summit gave their support behind the tentative agreement of the US and Iran to open the Strait of Hormuz, extending a shaky ceasefire. The leaders, in a joint declaration released overnight, described the deal as a historic opportunity to stop Iran from obtaining nuclear weapons and to address concerns over its regional and ballistic missile activities. They also expressed their willingness to support the deal's implementation, although neither the White House nor Iran has released the text of the agreement. Also read: WION Health Pulse: 'Closest and most trusted partner': Bhutan hails India's role in strengthening its healthcare system Iran to reopen the Strait of Hormuz? According to leaked versions of an interim framework, Iran would move quickly to reopen the Strait of Hormuz once the agreement is signed and would be permitted to export its oil without restrictions. Officials familiar with the matter said the leaked document largely reflects the actual terms of the accord, according to several reports. The agreement, which is expected to be formally signed at a ceremony in Switzerland on Friday, states that the United States would work towards lifting all US and United Nations sanctions on Iran if a final settlement on Tehran’s nuclear programme is achieved. However, Trump indicated that the details remain confidential. Speaking during a bilateral meeting with Egyptian President Abdel-Fattah el-Sisi, he told reporters, “Nobody knows what it is, but it’s very strong.” The final day of summit talks began late with Trump, saying “I’m the boss” as he entered the room and sat next to host French President Emmanuel Macron. The assembled leaders laughed, and Trump grinned.

Trump issued his fresh warning after Leaders at the Group of Seven summit gave their support behind the tentative agreement of the US and Iran to open the Strait of Hormuz, extending a shaky ceasefire.

‘Nobody knows what it is, but it’s very strong’: Trump on US-Iran deal

US intelligence agencies have assessed that Iran has gained effective control over the strategic Strait of Hormuz following the war involving the United States and Israel against the Islamic Republic, CNN reported, citing two sources.&nbsp;The assessment said Tehran now has the ability to close the vital waterway whenever it chooses, giving Iran a powerful tool to influence the global economy. The development comes as a memorandum of understanding between Tehran and Washington, which is expected to be signed on Friday.&nbsp;The agreement is mainly focused on reopening the key shipping route as a condition for further discussions, including nuclear talks and sanctions relief. However, intelligence assessments indicate that Iran demonstrated during the conflict that it could maintain control over the Strait of Hormuz despite joint efforts by the US and Israel and could completely block maritime traffic if required.&nbsp;<h2>Iran uses energy routes as a strategic pressure tool</h2>Iran has also shown its ability to target energy infrastructure in Gulf countries, which it used effectively during the war, CNN reported, citing a source. The move has provided Tehran with another asymmetric option that it could use in future negotiations.A senior US official told CNN that Iran would not receive “any benefits” from the framework agreement unless the Strait of Hormuz remains open and Tehran follows the other commitments it accepted.&nbsp;The official did not specify the benefits but said the US would reduce its blockade measures in line with Iran's restoration of shipping movement through the strait.&nbsp;“If Iran 'performs, the relief follows, and American leverage holds the entire way”, the senior official added.&nbsp;Even as both sides appear to have reached an agreement to reopen the waterway and end the current conflict, sources said Iran had been considering an economic “nuclear option” if talks with Washington collapse.&nbsp;Under this plan, Iran could use the Houthis, its main proxy force in Yemen, to shut the Bab el Mandeb Strait, which links the Red Sea with the Indian Ocean. The waterway is another major global trade route and has played a key role in shipping during the months-long closure of the Strait of Hormuz.&nbsp;<h2>Trump says Strait of Hormuz will fully reopen on Friday</h2>The latest US intelligence assessment has raised questions about Iran’s ability to use global trade routes as leverage beyond the current agreement.&nbsp;Earlier on Monday, US President Donald Trump said the Strait of Hormuz was “already partially opened” and would be fully reopened on Friday when the US and Iran are expected to formally sign the memorandum of understanding.&nbsp;“They’re doing a little hunting for a couple of mines that they’ve already found, but … ships are starting to go out now,” Trump said during a meeting with French President Emmanuel Macron at the G7 summit. “On Friday, it’ll be completely open.”&nbsp;“I don’t think we’re going to need much help, because we have an agreement where it’s going to be open, and it’s toll-free. We had a little argument on that; it’s toll-free,” Trump added.&nbsp;However, Trump has not provided details on how any future agreement would stop Iran from taking similar action again, especially after the US removes its naval blockade and reduces its military presence in the region.

The assessment revealed that Tehran can now close the key shipping route whenever it chooses, allowing Iran to impact global trade and economic activity.

US intelligence agencies have assessed that Iran has gained effective control over the strategic Strait of Hormuz following the war involving the United States and Israel against the Islamic Republic, CNN reported, citing two sources. The assessment said Tehran now has the ability to close the vital waterway whenever it chooses, giving Iran a powerful tool to influence the global economy. The development comes as a memorandum of understanding between Tehran and Washington, which is expected to be signed on Friday. The agreement is mainly focused on reopening the key shipping route as a condition for further discussions, including nuclear talks and sanctions relief. However, intelligence assessments indicate that Iran demonstrated during the conflict that it could maintain control over the Strait of Hormuz despite joint efforts by the US and Israel and could completely block maritime traffic if required. Iran uses energy routes as a strategic pressure tool Iran has also shown its ability to target energy infrastructure in Gulf countries, which it used effectively during the war, CNN reported, citing a source. The move has provided Tehran with another asymmetric option that it could use in future negotiations. A senior US official told CNN that Iran would not receive “any benefits” from the framework agreement unless the Strait of Hormuz remains open and Tehran follows the other commitments it accepted. The official did not specify the benefits but said the US would reduce its blockade measures in line with Iran's restoration of shipping movement through the strait. “If Iran 'performs, the relief follows, and American leverage holds the entire way”, the senior official added. Even as both sides appear to have reached an agreement to reopen the waterway and end the current conflict, sources said Iran had been considering an economic “nuclear option” if talks with Washington collapse. Under this plan, Iran could use the Houthis, its main proxy force in Yemen, to shut the Bab el Mandeb Strait, which links the Red Sea with the Indian Ocean. The waterway is another major global trade route and has played a key role in shipping during the months-long closure of the Strait of Hormuz. Trump says Strait of Hormuz will fully reopen on Friday The latest US intelligence assessment has raised questions about Iran’s ability to use global trade routes as leverage beyond the current agreement. Earlier on Monday, US President Donald Trump said the Strait of Hormuz was “already partially opened” and would be fully reopened on Friday when the US and Iran are expected to formally sign the memorandum of understanding. “They’re doing a little hunting for a couple of mines that they’ve already found, but … ships are starting to go out now,” Trump said during a meeting with French President Emmanuel Macron at the G7 summit. “On Friday, it’ll be completely open.” “I don’t think we’re going to need much help, because we have an agreement where it’s going to be open, and it’s toll-free. We had a little argument on that; it’s toll-free,” Trump added. However, Trump has not provided details on how any future agreement would stop Iran from taking similar action again, especially after the US removes its naval blockade and reduces its military presence in the region.

The assessment revealed that Tehran can now close the key shipping route whenever it chooses, allowing Iran to impact global trade and economic activity.

US intelligence assesses Iran can shut Strait of Hormuz at will after conflict: Report

A day after the United States and Iran announced a peace agreement to end the hostilities that have already lasted over 100 days, fresh questions have emerged over the terms. On one hand, Washington insists that ships would pass through the Strait of Hormuz toll-free; on the other, Iranian media reported that Tehran had secured the right to charge maritime service fees. What's happening in Hormuz? Here's what we know.Also read | <a href="https://www.wionews.com/world/us-iran-peace-deal-inside-the-14-point-mou-that-ended-over-108-days-of-war-wion-decodes-donald-trump-mojtaba-khamenei-benjamin-netanyahu-lebanon-1781513800001">US-Iran peace deal: Inside the 14-point MoU that ended over 108 days of war | WION Decodes</a><h2>Terms of US-Iran peace agreement unclear</h2>The disagreement highlights the lack of clarity surrounding the memorandum of understanding signed electronically on Sunday by US President Donald Trump, US Vice President JD Vance and Iranian parliament speaker Mohammad Bagher Ghalibaf.The Monday (Jun 15) agreement brought an immediate halt to nearly four months of conflict and opened a 60-day window for negotiations aimed at reaching a broader peace settlement.<h2>US insists toll-free passage will happen</h2>Speaking to reporters, senior Trump administration officials said the deal guarantees toll-free passage through the Strait of Hormuz, the strategic waterway through which roughly one-fifth of the world's oil supply passes.Vance also said that there was an understanding with Iran that the strait would remain open "in a toll-free way for the long term." However, he added that this was the "sort of thing that we're going to figure out in these technical negotiations."Meanwhile, according to an AFP report, US officials have expressed confidence that shipping traffic could return to pre-war levels within weeks. Iran, however, has offered a different interpretation.Also read | <a href="https://www.wionews.com/world/enemy-had-no-choice-but-surrender-iran-claims-victory-as-us-agrees-to-permanently-end-war-1781482980593">'Enemy had no choice but surrender': Iran claims victory as US agrees to 'permanently' end war</a><h2>Iran silently adds Hormuz maritime fees in final hours before deal</h2>According to Iran's Fars News Agency, negotiators amended the memorandum at the last moment to explicitly recognise Iranian and Omani sovereignty over the Strait of Hormuz. Citing an unnamed source, the agency reported that Tehran would be permitted to charge maritime service fees to vessels using the route."The use of the term 'maritime services' means that the United States has accepted that fees will be paid to Iran," the source told Fars.The apparent contradiction is only one of several unresolved questions surrounding the agreement. Details of the memorandum have not yet been released publicly, with both sides suggesting that the text could be published later this week.&nbsp;Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Fresh uncertainty has emerged over the US-Iran peace agreement after Washington said passage through the Strait of Hormuz would remain toll-free, while Iranian media reported that Tehran secured the right to charge maritime service fees. All we know.

A day after the United States and Iran announced a peace agreement to end the hostilities that have already lasted over 100 days, fresh questions have emerged over the terms. On one hand, Washington insists that ships would pass through the Strait of Hormuz toll-free; on the other, Iranian media reported that Tehran had secured the right to charge maritime service fees. What's happening in Hormuz? Here's what we know. Also read | US-Iran peace deal: Inside the 14-point MoU that ended over 108 days of war | WION Decodes Terms of US-Iran peace agreement unclear The disagreement highlights the lack of clarity surrounding the memorandum of understanding signed electronically on Sunday by US President Donald Trump, US Vice President JD Vance and Iranian parliament speaker Mohammad Bagher Ghalibaf. The Monday (Jun 15) agreement brought an immediate halt to nearly four months of conflict and opened a 60-day window for negotiations aimed at reaching a broader peace settlement. US insists toll-free passage will happen Speaking to reporters, senior Trump administration officials said the deal guarantees toll-free passage through the Strait of Hormuz, the strategic waterway through which roughly one-fifth of the world's oil supply passes. Vance also said that there was an understanding with Iran that the strait would remain open "in a toll-free way for the long term." However, he added that this was the "sort of thing that we're going to figure out in these technical negotiations." Meanwhile, according to an AFP report, US officials have expressed confidence that shipping traffic could return to pre-war levels within weeks. Iran, however, has offered a different interpretation. Also read | 'Enemy had no choice but surrender': Iran claims victory as US agrees to 'permanently' end war Iran silently adds Hormuz maritime fees in final hours before deal According to Iran's Fars News Agency, negotiators amended the memorandum at the last moment to explicitly recognise Iranian and Omani sovereignty over the Strait of Hormuz. Citing an unnamed source, the agency reported that Tehran would be permitted to charge maritime service fees to vessels using the route. "The use of the term 'maritime services' means that the United States has accepted that fees will be paid to Iran," the source told Fars. The apparent contradiction is only one of several unresolved questions surrounding the agreement. Details of the memorandum have not yet been released publicly, with both sides suggesting that the text could be published later this week. Disclaimer: WION takes utmost care to accurately and responsibly report ongoing conflicts in West Asia involving Israel, Iran, US, Gulf nations and non-state actors like Hezbollah, Hamas, Houthis, Islamic State, and others. Claims and counterclaims, disinformation and misinformation are being made online and offline. Given this context, WION cannot independently verify the authenticity of all statements, social media posts, photos and videos.

Fresh uncertainty has emerged over the US-Iran peace agreement after Washington said passage through the Strait of Hormuz would remain toll-free, while Iranian media reported that Tehran secured the right to charge maritime service fees. All we know.

US claims Strait of Hormuz will be toll-free. Iran says ships will pay maritime service fees. What's really in the peace deal?

After it was revealed that the US-Iran agreement had been signed digitally Sunday, President Donald Trump said that ships were “starting to move” out of the Strait of Hormuz under the agreement reached with Iran, but international shipping associations have warned that it is still too risky, and only one ship had transited the strait on Monday, according to tracking data.&nbsp;“Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz,” Trump said in a Truth Social post on Monday.&nbsp;&nbsp;“They are going along the Southern ‘Highway,’ which is totally safe, secure, and pristine. There are other areas of travel, also!!!” Trump added.&nbsp;Also Read: <a href="https://www.wionews.com/world/iran-has-committed-to-destroy-and-dispose-of-highly-enriched-material-says-vance-1781535582499">‘Iran has committed to destroy and dispose of highly enriched material,’ says Vance</a>&nbsp;

&nbsp;&nbsp;&nbsp;Trump had said Sunday that the vital shipping lane would only reopen after the signing of the memorandum of understanding with Iran. The formal signing of the agreement is likely to take place in Switzerland on Friday.&nbsp;Traffic through the vital waterway, which carried around a quarter of the world’s oil flows before the war, came practically to a halt when the US and Israel started bombing Iran in February.&nbsp;Also Read: <a href="https://www.wionews.com/world/g7-summit-2026-what-would-success-look-like-in-vian-amid-turbulent-times-1781524196880">G7 Summit 2026: What would success look like in Évian amid turbulent times?</a><h2>Strait of Hormuz remains closed, say Iranian state media reports</h2>&nbsp;However, in contrast to Trump’s claim, Iran’s state broadcaster IRIB said on Monday that there is “zero passage through the Strait of Hormuz”.&nbsp;In a video published on Telegram, an IRIB reporter said the vital waterway was “closed until further notice,” and the Islamic Revolutionary Guard Corps (IRGC) Navy had not permitted any vessels to transit the strait for more than 96 hours.&nbsp;<h2>MoU with Iran will be released after Friday: Trump</h2>&nbsp;The memorandum of understanding with Iran will likely be released sometime after Friday, Trump said during a bilateral press address with French President Emanuel Macron after reaching France for the G7 Summit.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/drdo-successfully-tests-indigenous-long-range-land-attack-cruise-missile-1781543212448">DRDO successfully tests indigenous Long Range Land Attack Cruise Missile</a>&nbsp;“I think pretty soon ... I want it to be released because it’s a very powerful document. It’s not like the Obama document, which was just a terrible document. This is a very powerful document and I want it to be released, so probably pretty soon,” Trump told reporters.&nbsp;“I would say, sometime after Friday, because the strait, it’s open now, but it opens completely,” he said.&nbsp;Meanwhile, a senior US administration official told reporters on Monday that details of the deal with Iran will be released in the next 24 to 48 hours.

US President Donald Trump had said on Sunday that the vital Strait of Hormuz would only reopen for maritime traffic after the signing of the memorandum of understanding with Iran. The formal signing of the agreement is likely to take place in Switzerland on Friday.

After it was revealed that the US-Iran agreement had been signed digitally Sunday, President Donald Trump said that ships were “starting to move” out of the Strait of Hormuz under the agreement reached with Iran, but international shipping associations have warned that it is still too risky, and only one ship had transited the strait on Monday, according to tracking data. “Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz,” Trump said in a Truth Social post on Monday. “They are going along the Southern ‘Highway,’ which is totally safe, secure, and pristine. There are other areas of travel, also!!!” Trump added. Also Read: ‘Iran has committed to destroy and dispose of highly enriched material,’ says Vance

US President Donald Trump had said on Sunday that the vital Strait of Hormuz would only reopen for maritime traffic after the signing of the memorandum of understanding with Iran. The formal signing of the agreement is likely to take place in Switzerland on Friday.

Trump says ships ‘loaded with oil’ starting to move out of Strait of Hormuz

#Gravitas A tentative peace agreement between the United States and Iran has sparked a broad rally across global financial markets. Investors welcomed reports that the deal would keep the strategic Strait of Hormuz open, reducing fears of a prolonged disruption to global energy supplies.


US-Iran Peace Deal: Global Stocks Rally on Peace Breakthrough

The good news is that the US and Iran on Sunday (Jun 14) reached a peace Memorandum of Understanding (MoU), to be signed on Friday. But the bad news is, there still appears to be differences over the full reopening timeline for the Strait of Hormuz. US President Donald Trump announced the immediate lifting of the US naval blockade. He said the strait will reopen on the signing of the MoU, and added it will be "permanently toll-free." The MoU reportedly covers a drawdown of US forces. But the fog of war continues.<h2>What is the toll vs service charge row on Strait of Hormuz?</h2>Trump and US officials are reportedly insisting on a permanent toll-free passage and immediate reopening of the strait. Iran appears to have agreed to no formal "tolls" but still seeks "service charges" or fees for navigation aid, security, and environmental services. This is not new. Iran had traditionally maintained control and management of the strait, and fees were indeed paid for transit. An Iran-Oman mechanism is currently in place under the new Persian Gulf Strait Authority, requiring vessels to apply and disclose ownership, cargo and insurance. &nbsp; The US and allies are rejecting the fees as violations of international law. This is causing a nomenclature row: 'toll' or ‘service charge’?Also read: <a href="https://www.wionews.com/world/after-ceasefire-iran-reveals-roadmap-to-final-us-agreement-and-possible-24-billion-payout-1781487819256">After ceasefire, Iran reveals roadmap to final US agreement and possible $24 billion payout</a><h2>Will US Navy blockade continue?</h2>Trump authorised an immediate removal of the US naval blockade. Upon signing of the MoU, the US Navy will stand down. But this appears to be contingent on the Strait being toll-free and immediate restoration of full international access. Iran is insisting on management of the strait , with no full ceding of control over the chokepoint foreseen in the near future. Israel, the main party to the conflict, is overall sceptical of the Iranian compliance to the MoU, including on the Hormuz terms.Also read: <a href="https://www.wionews.com/world/china-welcomes-us-iran-deal-to-end-west-asia-conflict-applauds-pakistan-s-mediation-efforts-1781509849926">China welcomes US-Iran deal to end West Asia conflict, applauds Pakistan's mediation efforts</a><h2>When will ship traffic resume in Strait of Hormuz?</h2>The initial reopening of the strait is likely after Friday's signing, but past days have not been hopeful. The strait was partially open to traffic, but ship firms were scared away by the bombings by the US on vessels, which left sailers inlcuidng indians dead. The mine-laying by Iran &nbsp;had complicated matters. Clearing the mines would take at least 30 days. Full normalisation might take another six months, as per some analyst estimates. The lingering distrust, fee disputes, and verification issues are likely to delay full normalisation.<a href="https://www.wionews.com/videos/us-iran-war-trump-says-iran-deal-will-bring-peace-to-whole-west-asia-1781503935677/embed">https://www.wionews.com/videos/us-iran-war-trump-says-iran-deal-will-bring-peace-to-whole-west-asia-1781503935677/embed</a>Currently, there is a 60-day window available for the Hormuz reopening. But that will close unless deeper talks are not agreed upon, and held on other issues such as Iran's nuclear and missile programmes. By some analyst estimates, mine clearance could take up to six months. &nbsp;Container traffic may reach 50 per cent of normal by July, and normalise by August. LNG carriers would be the last to normalise, with the window seen at around September.&nbsp; War-risk premiums being paid by the ships, now up to 8 per cent of vessel value, will stay high until insurers see months of incident-free transits.

The Iran-US MoU could reopen the Strait of Hormuz. But disputes over toll-free passage, mine clearance timeline, and security situation may delay for months the full resumption of shipping and energy traffic recovery 

The good news is that the US and Iran on Sunday (Jun 14) reached a peace Memorandum of Understanding (MoU), to be signed on Friday. But the bad news is, there still appears to be differences over the full reopening timeline for the Strait of Hormuz. US President Donald Trump announced the immediate lifting of the US naval blockade. He said the strait will reopen on the signing of the MoU, and added it will be "permanently toll-free." The MoU reportedly covers a drawdown of US forces. But the fog of war continues. What is the toll vs service charge row on Strait of Hormuz? Trump and US officials are reportedly insisting on a permanent toll-free passage and immediate reopening of the strait. Iran appears to have agreed to no formal "tolls" but still seeks "service charges" or fees for navigation aid, security, and environmental services. This is not new. Iran had traditionally maintained control and management of the strait, and fees were indeed paid for transit. An Iran-Oman mechanism is currently in place under the new Persian Gulf Strait Authority, requiring vessels to apply and disclose ownership, cargo and insurance. The US and allies are rejecting the fees as violations of international law. This is causing a nomenclature row: 'toll' or ‘service charge’? Also read: After ceasefire, Iran reveals roadmap to final US agreement and possible $24 billion payout Will US Navy blockade continue? Trump authorised an immediate removal of the US naval blockade. Upon signing of the MoU, the US Navy will stand down. But this appears to be contingent on the Strait being toll-free and immediate restoration of full international access. Iran is insisting on management of the strait , with no full ceding of control over the chokepoint foreseen in the near future. Israel, the main party to the conflict, is overall sceptical of the Iranian compliance to the MoU, including on the Hormuz terms. Also read: China welcomes US-Iran deal to end West Asia conflict, applauds Pakistan's mediation efforts When will ship traffic resume in Strait of Hormuz? The initial reopening of the strait is likely after Friday's signing, but past days have not been hopeful. The strait was partially open to traffic, but ship firms were scared away by the bombings by the US on vessels, which left sailers inlcuidng indians dead. The mine-laying by Iran had complicated matters. Clearing the mines would take at least 30 days. Full normalisation might take another six months, as per some analyst estimates. The lingering distrust, fee disputes, and verification issues are likely to delay full normalisation. https://www.wionews.com/videos/us-iran-war-trump-says-iran-deal-will-bring-peace-to-whole-west-asia-1781503935677/embed Currently, there is a 60-day window available for the Hormuz reopening. But that will close unless deeper talks are not agreed upon, and held on other issues such as Iran's nuclear and missile programmes. By some analyst estimates, mine clearance could take up to six months. Container traffic may reach 50 per cent of normal by July, and normalise by August. LNG carriers would be the last to normalise, with the window seen at around September. War-risk premiums being paid by the ships, now up to 8 per cent of vessel value, will stay high until insurers see months of incident-free transits.

The Iran-US MoU could reopen the Strait of Hormuz. But disputes over toll-free passage, mine clearance timeline, and security situation may delay for months the full resumption of shipping and energy traffic recovery&nbsp;

Iran-US peace deal: Strait of Hormuz reopening uncertain amid ‘toll vs service charge’ row,  mines danger, sailor killings

China on Monday welcomed the agreement between the United States and Iran to end the Middle East conflict and praised Pakistan for its mediation role in facilitating the negotiations. The US and Iran stated that they reached a framework deal to end the war across all fronts, including Lebanon, and reopen the strategic Strait of Hormuz. However, both nations gave limited details on the thorny question of Tehran's nuclear programme. "China welcomes the agreement... and expresses appreciation for the mediation efforts made by Pakistan," foreign ministry spokesperson Lin Jian said in a news briefing, and added that Beijing hopes the deal will be signed as scheduled. He also said China hopes that a safe and free passage through the strait will be restored as soon as possible.&nbsp;In addition, US President Donald Trump announced that Washington and Tehran have reached a final agreement to end their 107-day conflict, a war that had sparked a worldwide energy crisis. According to Pakistan Prime Minister Shehbaz Sharif, the peace accord is set to be formally signed in Switzerland on June 19.&nbsp;The agreement was brokered with the help of mediators, including Pakistan and Qatar, which had earlier secured a two-week ceasefire on April 8. The truce was later extended to allow negotiations to continue. The conflict began after the United States and Israel launched strikes on Iran on February 28, resulting in the deaths of Supreme Leader Ayatollah Ali Khamenei and several senior military commanders.&nbsp;Also read: <a href="https://www.wionews.com/world/g7-will-tackle-long-term-reopening-of-strait-of-hormuz-macron-announces-1781497125776">G7 Summit 2026 will tackle long-term reopening of Strait of Hormuz, Macron announces</a><h2>When will Strait of Hormuz open?</h2>The initial reopening of the strait is likely after Friday's signing, but past days have not been hopeful. The strait was partially open to traffic, but ship firms were scared away by the bombings by the US on vessels, which left sailers inlcuidng indians dead. The mine-laying by Iran had complicated matters. Clearing the mines would take at least 30 days. Full normalisation might take another six months, as per some analyst estimates. The lingering distrust, fee disputes, and verification issues are likely to delay full normalisation.&nbsp;Currently, there is a 60-day window available for the Hormuz reopening. But that will close unless deeper talks are not agreed upon, and held on other issues such as Iran's nuclear and missile programmes. By some analysts' estimates, mine clearance could take up to six months. Container traffic may reach 50 per cent of normal by July, and normalise by August. LNG carriers would be the last to normalise, with the window seen at around September.

China welcomed the US-Iran framework agreement aimed at ending the Middle East conflict and reopening the Strait of Hormuz, while praising Pakistan's mediation efforts. Beijing expressed hope that the deal will be signed as planned and that safe maritime passage will soon resume.

China on Monday welcomed the agreement between the United States and Iran to end the Middle East conflict and praised Pakistan for its mediation role in facilitating the negotiations. The US and Iran stated that they reached a framework deal to end the war across all fronts, including Lebanon, and reopen the strategic Strait of Hormuz. However, both nations gave limited details on the thorny question of Tehran's nuclear programme. "China welcomes the agreement... and expresses appreciation for the mediation efforts made by Pakistan," foreign ministry spokesperson Lin Jian said in a news briefing, and added that Beijing hopes the deal will be signed as scheduled. He also said China hopes that a safe and free passage through the strait will be restored as soon as possible. In addition, US President Donald Trump announced that Washington and Tehran have reached a final agreement to end their 107-day conflict, a war that had sparked a worldwide energy crisis. According to Pakistan Prime Minister Shehbaz Sharif, the peace accord is set to be formally signed in Switzerland on June 19. The agreement was brokered with the help of mediators, including Pakistan and Qatar, which had earlier secured a two-week ceasefire on April 8. The truce was later extended to allow negotiations to continue. The conflict began after the United States and Israel launched strikes on Iran on February 28, resulting in the deaths of Supreme Leader Ayatollah Ali Khamenei and several senior military commanders. Also read: G7 Summit 2026 will tackle long-term reopening of Strait of Hormuz, Macron announces When will Strait of Hormuz open? The initial reopening of the strait is likely after Friday's signing, but past days have not been hopeful. The strait was partially open to traffic, but ship firms were scared away by the bombings by the US on vessels, which left sailers inlcuidng indians dead. The mine-laying by Iran had complicated matters. Clearing the mines would take at least 30 days. Full normalisation might take another six months, as per some analyst estimates. The lingering distrust, fee disputes, and verification issues are likely to delay full normalisation. Currently, there is a 60-day window available for the Hormuz reopening. But that will close unless deeper talks are not agreed upon, and held on other issues such as Iran's nuclear and missile programmes. By some analysts' estimates, mine clearance could take up to six months. Container traffic may reach 50 per cent of normal by July, and normalise by August. LNG carriers would be the last to normalise, with the window seen at around September.

China welcomed the US-Iran framework agreement aimed at ending the Middle East conflict and reopening the Strait of Hormuz, while praising Pakistan's mediation efforts. Beijing expressed hope that the deal will be signed as planned and that safe maritime passage will soon resume.

China welcomes US-Iran deal to end West Asia conflict, applauds Pakistan's mediation efforts

The U.S. has emerged as the top supplier of liquefied natural gas and liquefied petroleum gas to India in May, as shipments from the Gulf countries fell due to traffic disruptions in the Strait of Hormuz.


US Emerges as World's Leading Oil Supplier in 2026

Traditionally, the world cup may have offered a welcome reprieve from global uncertainty and heavy headlines. Still, there are moments when even the world’s most popular distraction falls short. In this next report, we dive into the global economic outlook as the near-closure of the Strait of Hormuz plays into extra time and central banks grapple with the fallout.


Can World Cup Euphoria Outrun the Global Storm? 

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Hormuz Crisis: Oman Unveils New Shipping Transit Route Through Strait of Hormuz

Hormuz Crisis: Oman Had Announced New Shipping Transit Route Through Hormuz

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BREAKING: Cargo Vessel Hit by 'Unknown Projectile' in Hormuz

Oil prices drop to pre-war level as Oman confirms no transit fees for Hormuz

'Violating vessels will be dealt with': Iran issues fresh Hormuz Strait warning

US says Iran can’t charge fees for Hormuz transit; expert says it has options

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UN maritime body to evacuate 11,000 seafarers stranded in Persian Gulf since war

WION Exclusive: Why Islamabad MoU doesn’t hand Hormuz to Iran

11 India-bound ships crossed Hormuz since MoU signing; 10 still in Gulf: MEA

‘No return to pre-war conditions’: Iran says Hormuz will be under Tehran control

Iranian negotiators visiting Oman to discuss 'consolidating' shipping in Hormuz

‘Hormuz is not your personal casino’: Iranian lawmaker slams Trump amid US-Iran talks

US-Iran Talks: Iran, US Agree to Set Up Communication Line to Avoid Hormuz Incidents

Hormuz should remain closed until Iran's assets are released: Tasnim

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Iran Closes Hormuz, Cites Israeli Strikes on Lebanon as Ceasefire Breach

Trump does a U-turn on Iranian frozen assets, says 'not our money'

Crude oil prices fall as Hormuz set to reopen after US-Iran peace deal

Iran to charge ships crossing Strait of Hormuz after 60 day fee-free period

G7 Summit 2026: Trump Condoles Indian Sailors' Killing, Says India Plays a Big Role in Everything

‘Nobody knows what it is, but it’s very strong’: Trump on US-Iran deal

US intelligence assesses Iran can shut Strait of Hormuz at will: Report

US says Hormuz to be toll-free. Iran says ships will pay. What's the truth?

Trump says ships ‘loaded with oil’ starting to move out of Strait of Hormuz