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The Strait of Hormuz will be opened toll-free for 60 days under the unreleased peace agreement between the US and Iran, but its longer-term operation will be subject to negotiations, American officials said.
More than a fifth of the world’s oil usually transits through the strait.
The matter is one of many unresolved issues to be worked through over the next two months after a deal to end the conflict was signed electronically on Sunday (US time) by President Donald Trump, Vice President JD Vance and Iran’s parliamentary speaker, Mohammed Bagher Ghalibaf.
It is expected to be signed in person on Friday in Geneva, Switzerland, with both Vance and Ghalibaf to attend. The text has been kept secret, but American officials said it would be made public upon signing, or before.
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