A potential agreement between the United States and Iran is expected to exclude any transit tolls on the Strait of Hormuz, according to reports citing unnamed sources.
The development addresses one of the most acute fears among energy traders and shipping operators: that a diplomatic resolution might come with new fiscal burdens or restrictions on passage through the world’s most critical oil chokepoint.
The assurance that no tariffs or fees will be levied on shipping traffic helps de-escalate the immediate risk premium embedded in freight rates and energy prices.
Markets have been volatile as traders weighed the probability of a broader conflict that could physically block the corridor against the prospect of a negotiated settlement.
The removal of a tolling mechanism from the equation suggests that the primary objective of the talks remains the restoration of free flow rather than the monetization of transit.
This report follows earlier signals from US President Donald Trump, who indicated that a deal on the Strait could be reached within 48 hours.