A possible U.S.-Iran deal framework is reportedly beginning to take shape, but major uncertainty remains over what exactly would happen in the Strait of Hormuz. A senior administration official told Fox News that Iran would reopen the strategic waterway without charging transit fees, while the United States would lift its blockade of Iranian ports in conjunction with that reopening.

The US and Iran have tentatively agreed on a memorandum of understanding that would reopen the Strait of Hormuz and pause fighting for 60 days, but the deal still needs final…

U.S. President Donald Trump said Thursday that the Strait of Hormuz would be reopened as soon as a deal is signed.