US says Hormuz to be toll-free under Iran deal (opens original article in a new tab)

The US states that ships will pass toll-free through the Strait of Hormuz under an Iran peace deal, while Iran claims the agreement allows for maritime service fees. The deal includes a potential $300 billion reconstruction fund, but its release is conditional on performance. US officials criticized Oman's role in the negotiations.

• US says ships will move toll-free through Strait of Hormuz under Iran deal
• Iranian foreign ministry claims deal allows charging maritime service fees instead of tolls
• US officials mention $300 billion reconstruction fund tied to performance
• Oman criticized for handling of the deal by US officials
• Vance to lead technical talks and attend signing ceremony in Geneva