Iran Offers Free Passage in Strait of Hormuz for 60 Days in Nuclear Deal
Iran announced it will ensure safe passage of commercial vessels through the Strait of Hormuz at no charge for 60 days as part of a final nuclear deal. In exchange, the US will terminate sanctions on Iran and issue waivers for Iranian oil exports, while Iran commits not to develop nuclear weapons.
Iran has declared it will provide free and safe passage for all commercial vessels through the strategic Strait of Hormuz for a period of 60 days. This move is part of a broader final agreement with the United States.
Under the reported terms, the US will terminate all sanctions imposed on Iran and issue waivers allowing the export of Iranian oil. In return, Iran pledges not to procure or develop nuclear weapons. The deal aims to de-escalate tensions and stabilize oil flows through one of the world's most critical chokepoints.
Source: First Squawk