The U.S. is allowing ships to enter and exit Iranian ports and coastal areas as the countries move to a new phase of negotiations over the next 60 days.
U.S. lifts blockade on Iranian ports; Iran agrees to free Strait of Hormuz transit for 60 days (carries 20% global oil). Energy de-escalation eases tech infrastructure costs and supply-chain volatility; nuclear disposal and post-60-day maritime fees still pending.
In this picture obtained from Iran's ISNA news agency on Thursday, vessels are seen anchored in Bandar Abbas along the Strait of Hormuz.
Amirhossein Khorgooei/ISNA/AFP via Getty Images
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Amirhossein Khorgooei/ISNA/AFP via Getty Images
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