US President Donald Trump has asserted that Iran has formally assured Washington that vessels transiting the Strait of Hormuz will face no tolls, insurance premiums, or other transit costs.
The claim, reported by Norwegian business media e24, positions the US administration as confident in the stability of the world’s most critical energy chokepoint following recent diplomatic engagements.
Trump warned that negotiations would collapse if the information proved false, signaling that the toll-free guarantee is a cornerstone of the current détente.
Trump warned that negotiations would collapse if the information proved false, signaling that the toll-free guarantee is a cornerstone of the current détente.
The statement aligns with broader efforts to normalize shipping operations in the Gulf after months of heightened risk premiums and route diversions.
Markets have yet to fully price in the permanence of this development.
Brent crude remains near four-month lows, reflecting a cautious stance among traders who are waiting for tangible evidence of increased tanker traffic rather than relying solely on political assurances.