US and Iran Agree Two-Week Ceasefire, Trump Proposes Joint Strait Toll

Iran agreed to reopen the Strait of Hormuz as part of a two-week ceasefire with the US.

“With the United States and Iran announcing a temporary two-week ceasefire, Tehran seeks to impose transit fees on ships passing through the Strait of Hormuz, while U”

CNN Al-Iqtisadiyah

Oil prices fell below $100 per barrel after a senior Iranian official said the waterway could be reopened soon.

CNN Al-Iqtisadiyah

Iran insists on charging fees for ships to pass through the Strait, arguing it covers war damage costs.

Trump proposed a joint venture with Iran to charge tolls, a plan that drew immediate criticism.

The IRGC Navy sent warnings to ships that transit would be at their own risk.

The proposal to charge tolls sparked immediate backlash from regional allies.

Sen. Chris Van Hollen called it an extraordinary win for Iran.

International Business Times

Shipping companies welcomed the pause but warned trade is unlikely to fully resume until tensions are resolved.

The Strait's importance makes any ambiguity a source of market risk.

Hours after the ceasefire, Iran's IRGC Navy told ships the Strait remained closed and would target any vessel trying to transit.

“President Donald Trump is considering a joint U”

International Business Times

State media reported the Strait had been shut just hours into the ceasefire.

Trump said Lebanon was not included in the deal.

With the ceasefire setting the stage for talks in Islamabad, major hurdles remain.