The movement follows a surprise mediation by Pakistan, which announced an immediate halt to hostilities between Washington and Tehran. Trump, speaking via social media while en route to the G7 summit, described the current shipping routes as safe and secure. The administration plans to formalize the agreement this Friday in Switzerland, where technical negotiations will address the long-term status of the waterway.
Despite the optimism, the financial terms remain a point of friction. Vice President JD Vance stated the U.S. expects the strait to remain toll-free long-term, yet Iran’s foreign ministry maintains it retains the right to collect maritime service fees. This discrepancy highlights the broader volatility surrounding the deal, particularly regarding the release of frozen Iranian assets. Vance confirmed that any economic relief remains strictly contingent on a rigorous verification process, noting that access to global markets is predicated on Iran permanently abandoning its nuclear ambitions.
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