President Donald Trump announced the Strait of Hormuz will fully open on June 19 after he electronically signed a cease-fire memorandum with Iran [1].
The agreement aims to restore commercial shipping and ease regional tensions by ensuring the critical waterway remains accessible without financial barriers. Because the strait is a primary artery for global oil exports, any disruption or fee implementation can trigger volatility in international energy markets.
Trump made the announcement during the G7 summit in Évian-les-Bains, France [2]. He said the agreement includes specific provisions to operate the strait without charging passage fees [2]. According to the president, the deal is complete and the waterway has already seen partial opening [1].
Under the terms of the memorandum, no tolls will be charged for vessels passing through the strait [2]. The full opening is slated for June 19 [1].
"I am very happy to say that it has been signed. All agreements have been signed," Trump said [1]. He said the decision was made to open the strait and operate it without tolls [1].
The electronic signing of the memorandum precedes a formal signing ceremony scheduled for June 19, after which the full opening will take effect [1]. The move is intended to stabilize the maritime corridor between Iran and Oman [2].
“the Strait of Hormuz will be fully opened and no tolls will be charged”
The removal of passage tolls and the formalization of a cease-fire memorandum represent a significant diplomatic shift in U.S.-Iran relations. By securing the Strait of Hormuz, the administration seeks to eliminate a primary geopolitical flashpoint that frequently threatens global oil supply chains and maritime security.
