Trump said the temporary ceasefire is "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz."

Iran is reportedly planning to demand that shipping firms pay tolls in cryptocurrency to let their oil tankers through the Strait of Hormuz.

Traffic through the Strait of Hormuz has yet to see a meaningful rebound and this could continue for weeks, warn shipping experts.

Trump said the temporary ceasefire is "subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz."

U.S. President Donald Trump accused Iran of violating the cease-fire saying it was reneging on its promise to allow tankers through the Hormuz Strait.

A marine traffic map shows the Strait of Hormuz at a standstill more than 48 hours after President Donald Trump announced a two-week ceasefire conditional on Iran reopening the…