President Donald Trump said the Strait of Hormuz will be fully reopened and toll-free by Friday [1].
The announcement comes as the U.S. and Iran seek to lift a blockade through a cease-fire agreement. This move is intended to create a diplomatic opening for future negotiations regarding Tehran’s nuclear program [2].
Speaking on the sidelines of the G7 summit in France, Trump said that the waterway is already partially opened [3]. He said the process will be completed by Friday [1]. "The Strait of Hormuz will be fully reopened and toll-free by Friday," Trump said [1].
The deal aims to resolve tensions that have restricted maritime traffic in one of the world's most critical oil transit chokepoints. While some reports emphasize the toll-free nature of the agreement [1], other accounts of the memorandum do not mention a specific toll-free provision [4].
Following the implementation of this memorandum, a period of negotiations is expected to follow. These talks are scheduled to last 60 days [4].
Trump said that the waterway would open "toll-free" under the terms of the deal with Iran [2]. The timeline for the full reopening remains anchored to the Friday following the current G7 summit [1].
“"The Strait of Hormuz will be fully reopened and toll-free by Friday."”
The reopening of the Strait of Hormuz is a critical step in stabilizing global energy markets, as the waterway is a primary artery for oil exports. By linking the physical opening of the strait to a 60-day negotiation window, the U.S. is using maritime access as a diplomatic lever to bring Iran back to the table for nuclear disarmament talks.
