Vance reiterates Strait of Hormuz should be 'free of tolls' as 60-day Iran negotiation period begins (opens original article in a new tab)

U.S. Vice President JD Vance reiterated the importance of keeping the Strait of Hormuz 'free of tolls' as a 60-day negotiation period with Iran began, aiming to ensure safe and unrestricted passage through the waterway.

• Vice President JD Vance emphasized that the Strait of Hormuz should be 'free of tolls' during a press briefing
• A 60-day negotiation period between the U.S. and Iran began, aiming for a final peace deal to prevent the strait from being a 'choke point' for the global economy
• The memorandum of understanding allows safe passage of commercial vessels with 'no charge' for 60 days, but raises questions about post-60-day arrangements