President Donald Trump stated on Wednesday that Iran has assured the United States there will be no tolls, insurance costs, or other charges for vessels transiting the Strait of Hormuz.
The assertion comes as global supply chains grapple with severe disruptions in one of the world’s most critical energy chokepoints.
The comment follows a diplomatic agreement between Washington and Tehran aimed at ending hostilities in the Middle East.
Trump previously declared that the strait would be fully reopened by Friday, signaling a rapid normalization of transit conditions.
However, the practical impact on shipping remains uncertain as operators navigate lingering security concerns.
The development is particularly significant given the scale of the current disruption.