Trump officially announces reaching an agreement with Iran and opening the Strait of Hormuz without traffic fees

US President Donald Trump officially announced that an agreement had been reached with Iran and announced the opening of the Strait of Hormuz and the lifting of the blockade on Iran.

The US President stressed in his statement that, according to this agreement, the economic and navigational blockade imposed on Iran will be lifted.

The most prominent announcement in Trump’s statements was related to the navigational and commercial dimension of the strategic location, where he said:

“I declare the Strait of Hormuz open to ships without passage fees.”

This decision means the return of the movement of oil tankers and global trade through the Strait at full capacity and free of charge, which drops any restrictions or fees that were previously imposed or threatened by Tehran, and ensures a safe flow and stable supply of energy to global markets without additional financial burdens on passing ships.