Trump Declares Iran Deal 'All Signed' as Hormuz Reopens

President Donald Trump announced that the Strait of Hormuz will reopen 'toll-free' under a memorandum of understanding with Iran, set to be signed on Friday in Geneva.

The deal includes a 60-day halt to hostilities and immediate sanctions relief for Iranian oil sales, though the nuclear issue remains unresolved.

The interim agreement has already begun to take effect, with Iranian oil tankers exiting the US naval blockade for the first time in months.

However, shipping firms remain cautious, awaiting proof of safety before resuming full operations through the strait.