Iran will reportedly let ships pass through the Strait of Hormuz for free during the first 60 days following an agreement between Washington and Tehran, with reported revised wording pointing towards Tehran potentially collecting fees from ships passing through the route.

Iran To Collect Tolls?

On Monday, Iran's semi-official news agency Fars cited an anonymous source in a report, saying that a revision to the wording in the U.S.-Iran agreement says that Iran and Oman would reserve the right to determine the "future administration of maritime services in the Strait of Hormuz," the report said.

The source also pointed to another clause, which says Iranians will allow free passage of ships through the route for 60 days.

Notably, the U.S. was opposed to Iran levying a toll on ships passing through the region, with Sen.