Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15. Reuters-Yonhap
WASHINGTON — The United States said Monday that ships will move toll-free through the Strait of Hormuz under an Iran peace deal signed by President Donald Trump, and insisted Tehran would have to fulfill its commitments before getting any economic benefits.
They included a possible $300 billion reconstruction fund for the war-battered country, but the release of funds will be "tied to performance," a senior Trump administration official said in a call with reporters.
Trump, U.S. Vice President JD Vance and Iranian parliament speaker Mohammad Bagher Ghalibaf electronically signed the so-called memorandum of understanding (MoU) on Sunday, the officials said.
"The president wanted to sign it personally because he wanted to show his dedication to the process," one of the US officials said on condition of anonymity.
