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During those 30 days, Iran would work to clear the mines it set in the waterway. Upon completion, ships from all nations would be free to travel through Hormuz without paying Iran a transit fee.

U.S.-Iran Weigh 60-Day Ceasefire Extension Deal

Furthermore, the U.S. and Iran are in talks to extend the ceasefire enacted in April by 60 days. In those two months, the two sides would discuss the future of Iran’s nuclear program, while the U.S. would gradually lift sanctions and release billions of dollars of frozen Iranian assets.

However, final approval of any measure ultimately hinges on Iranian Supreme Leader Ayatollah Mojtaba Khamenei, who has been difficult to communicate with due to heightened protective measures.Disclaimer & DisclosureReport an Issue