US Official: Strait of Hormuz Open Without Fees Regardless of Iran Deal
The US Secretary of War told News Nation that the Strait of Hormuz will remain open and toll-free for global shipping, with or without an agreement with Iran.
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In an interview with News Nation, a US official described as the 'Secretary of War' stated that the Strait of Hormuz will be opened without any fees once an agreement is reached with Iran — or even if no agreement is reached, depending on Iran's choice. The official emphasized that the entire world would have free access to the strategic waterway.
The Strait of Hormuz is a critical chokepoint for global oil shipments, and any change in its status has significant implications for energy markets. Traders will watch for further confirmation from official US channels.
Source: First Squawk