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Middle East live: Vance says Strait of Hormuz will reopen without tolls US Vice President JD Vance said ships will pass through the Strait of Hormuz without tolls under a peace deal signed with Iran, while insisting Tehran must meet its commitments before receiving economic benefits. Officials said the agreement could unlock reconstruction funding, but key details remain to be negotiated. Follow our liveblog for the latest updates.

VP Vance says U.S. expects Strait of Hormuz to be open 'toll free' … Vice PresidentJD Vancesaid Monday he expects the U.S.-Iran deal will open the Strait of Hormuz without tolls for the long term, but shippers say the arrangement to cross the sea lane remains unclear. "Our expectation is that the strait is going to be opened in a toll-free way for the long term, and that's the sort of thing that we're going to figure out in these technical negotiations," Vance told CNBC's "Squawk Box" in an interview. Iranian state media has said Hormuz will open to toll-free transits for a 60-day period. The strait will be managed by Iran and Oman after that period, according to Iran'sTasnim news agency. The U.S. and Iran are expected to sign an agreement to end the conflict on Friday in Switzerland. PresidentDonald Trumpsaid the deal opens Hormuz without tolls in exchange for the U.S. ending its naval blockade against Iran. Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, and Foreign Minister Abbas Araghchi are expected to represent Iran in the negotiations, Vance said. "There are a lot of very important details to figure out," the vice president said. "We're actually going to sit at…

Vance says US expects Hormuz strait to reopen 'toll-free WASHINGTON, United States, June 15, 2026 (BSS/AFP) - Vice President JD Vance said Monday that the US expects Iran will not charge tolls on shipping through the Strait of Hormuz, but that the issue would be discussed as part of the new peace deal. Mediator Pakistan announced on Sunday that the United States and Iran had agreed to an "immediate and permanent termination" of military operations, but the text of their peace deal has yet to be released. The deal is expected to be signed on Friday in Switzerland and be followed by further "technical" talks on a long-term agreement. US President Donald Trump said that with the signing, the Strait of Hormuz -- a vital waterway for Gulf energy exports -- would be reopened and a US naval blockade of Iran would be lifted. Asked on CNBC if there was an understanding with Iran that the strait would reopen toll-free for just an initial period of 60 days or indefinitely, Vance said: "Our expectation is that the strait is going to be opened in a toll-free way for the long term, and that's the sort of thing that we're going to figure out in these technical negotiations." Iran's foreign …

- 30 days from now, the Strait of Hormuz will open without tolls for a period of 30 days, after which Iran and Oman will set tolling and controls - US blockade lifts immediately - US and regional partners commit to $300 billion for Iran and termination of all sanctions apnews.com/article/mou-...

Vance reiterates Strait of Hormuz should be 'free of tolls' as 60-day Iran negotiation period begins WASHINGTON, June 18 (Yonhap) -- U.S. Vice President JD Vance reiterated Thursday...

Passage through Strait of Hormuz to be free for 60 days during US-Iran talks — JD Vance According to the vice president, the US expects that passage through the waterway will remain free after the final version of the agreement is concluded

5Upon signing,Iran will immediately open Strait of Hormuz,free of charge,for 30 days to safe commercial vessels.This free passage will continue as long as sanctions relief and financial aid continue.If a final agreement is reached,unrestricted movement in the Strait will be guaranteed for 30days.

VP Vance says U.S. expects Strait of Hormuz to be open 'toll free' … Vice PresidentJD Vancesaid Monday he expects the U.S.-Iran deal will open the Strait of Hormuz without tolls for the long term, but shippers say the arrangement to cross the sea lane remains unclear. "Our expectation is that the strait is going to be opened in a toll-free way for the long term, and that's the sort of thing that we're going to figure out in these technical negotiations," Vance told CNBC's "Squawk Box" in an interview. Iranian state media has said Hormuz will open to toll-free transits for a 60-day period. The strait will be managed by Iran and Oman after that period, according to Iran'sTasnim news agency. The U.S. and Iran are expected to sign an agreement to end the conflict on Friday in Switzerland. PresidentDonald Trumpsaid the deal opens Hormuz without tolls in exchange for the U.S. ending its naval blockade against Iran. Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, and Foreign Minister Abbas Araghchi are expected to represent Iran in the negotiations, Vance said. "There are a lot of very important details to figure out," the vice president said. "We're actually going to sit at…

Vance says U.S. expects Strait of Hormuz to be open 'toll free ... - CNBC Vice PresidentJD Vancesaid Monday he expects the U.S.-Iran deal will open the Strait of Hormuz without tolls for the long term, but shippers say the arrangement to cross the sea lane remains unclear. "Our expectation is that the strait is going to be opened in a toll-free way for the long term, and that's the sort of thing that we're going to figure out in these technical negotiations," Vance told CNBC's "Squawk Box" in an interview. Iranian state media has said Hormuz will open to toll-free transits for a 60-day period. The strait will be managed by Iran and Oman after that period, according to Iran'sTasnim news agency. The U.S. and Iran are expected to sign an agreement to end the conflict on Friday in Switzerland. PresidentDonald Trumpsaid the deal opens Hormuz without tolls in exchange for the U.S. ending its naval blockade against Iran. Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, and Foreign Minister Abbas Araghchi are expected to represent Iran in the negotiations, Vance said. "There are a lot of very important details to figure out," the vice president said. "We're actually going to s…

Vance says he hopes to release text of agreement to halt war in Iran this week <p>WASHINGTON, June 15 (Reuters) - U.S. Vice President JD Vance said on Monday that he hopes text of an agreement to halt the war in Iran and open the Strait of Hormuz will be released this week, as further negotiations over the deal's details were set to continue.</p><p>In an interview on CNBC, Vance also said the United States expects the economically vital waterway would be open without tolls on a long-term basis.</p><p>"Our expectation is that the Strait is going to be opened in a toll-free way for the long-term," he said.</p>

Future of the Strait: A Toll-Free Horizon | Law-Order - Devdiscourse Future of the Strait: A Toll-Free Horizon The United States envisions a toll-free Strait of Hormuz in the long run, as announced by Vice President JD Vance. In an interview, Vance disclosed that Iran's foreign minister and House speaker will participate in the signing of a related deal in Switzerland, which still requires finalization. Devdiscourse News Desk | The United States Expects The Strait Of Hormuz To Be Open Tollfree In The Long Term | Updated: 15-06-2026 18:02 IST | Created: 15-06-2026 18:02 IST This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only. SHARE The United States is aiming for a toll-free future for the Strait of Hormuz, as stated by Vice President JD Vance during a recent interview on CNBC. Vance revealed that significant diplomatic discussions are underway, with Iran's foreign minister and House speaker set to represent their nation at a crucial signing event happening in Switzerland this Friday. Although this deal presents a promising development, Vance acknowledged that numerous details remain…

VP Vance confirms toll-free reopening of Hormuz Strait, Israel included ... VP Vance confirms toll-free reopening of Hormuz Strait, Israel included in talks The US-Iran deal eliminates crypto-based shipping tolls that charged up to $2 million per vessel in Bitcoin and stablecoins Share Add us on Google by Editorial Team Jun. 15, 2026 Vice President JD Vance confirmed on June 14, 2026, that the Strait of Hormuz will reopen without tolls as part of a sweeping US-Iran agreement. The deal dismantles one of the stranger chapters in recent geopolitical history: Iran charging ships up to $2 million each in Bitcoin, USDT, or yuan just to pass through the world’s most important oil chokepoint. Israel, long the region’s wildcard in any negotiation involving Iran, has a seat at the table. What the deal actually does The Strait of Hormuz handles roughly 20% of global oil transit. Those tolls, payable in Bitcoin, stablecoins like USDT, or Chinese yuan, ran as high as $2 million per vessel. Advertisement The new agreement wipes all of that away. President Trump announced the deal on Truth Social, writing: “Ships of the World, start your engines. Let the oil flow.” A formal signing ceremony is p…

Strait of Hormuz to be free of tolls, Vance says JD Vance stressed that the United States still has a lot of leverage points on Iran

Vance says US expects Strait of Hormuz to reopen ‘toll-free’ Vice President JD Vance said Monday that the US expects Iran will not charge tolls on shipping through the Strait of Hormuz, but that the issue would be discussed as part of the new peace deal.Asked on CNBC if there was an understanding with Iran that the crucial waterway would reopen toll-free for just an initial period of 60 days or longer term, Vance said: “Our expectation is that the strait is going to be opened in a toll-free way for the long term, and that’s the sort of thing that we’re going to figure out in these technical negotiations.” Developing

U.S. says Hormuz to be toll-free under Iran deal The signing of the deal on June 19 will kick off a 60-day period in which Tehran and Washington will try to hammer out a full-scale peace deal

VP Vance says U.S. expects Strait of Hormuz to be open 'toll free' long ... Vice President JD Vance said Monday that he expects the U.S.-Iran deal will open the Strait of Hormuz without a toll system for the long term. "Our expectation is that the strait is going to be opened in a toll-free way for the long term, and that's the sort of thing that we're going to figure out in these technical negotiations," Vance told CNBC in an interview. Iranian state media has said Hormuz will open to toll free transits for a 60-day period. The strait will be managed by Iran and Oman after that period, according to Iran'sTasnim news agency. The U.S. and Iran are expected to sign an agreement to end the conflict on Friday in Switzerland. President Donald Trump said the deal opens Hormuz without tolls in exchange for the U.S. ending its naval blockade against Iran. Vance said ship traffic through Hormuz has already increased over the past 24 hours. CNBC could not immediately verify those claims. The CEO of the oil tanker company Frontline told CNBC on Monday that he believes "vessels will start to move very quickly once a deal is signed." Lars Barstad said he would have wanted "clearer languag…

US says Hormuz to be toll-free under Iran deal <p>US officials said Monday that ships will move toll-free through the Strait of Hormuz under an Iran peace deal signed by President Donald Trump, and insisted that Tehran would have to fulfill its commitments before getting any economic benefits.</p><p>They included a possible $300 billion reconstruction fund for the war-battered country, but the release of funds will be "tied to performance," a senior Trump administration official said in a call with reporters.</p>