The full details of the agreement, hammered out between the two sides over the weekend, are yet to be revealed but the key issue of reopening the Strait of Hormuz may have been resolved.

US and Iran appear close to a deal to end their war and reopen the Strait of Hormuz

The proposed agreement is emerging as an armistice plus framework essentially prepared to stop escalation, reopen the Strait of Hormuz and create a structured negotiating process…

In a social media post, Trump said the strait would be open "toll free" and that the US naval blockade would also end.

The United States and Iran have agreed on a peace framework aimed at ending the conflict, lifting the U.S. blockade of Iran and reopening the Strait of Hormuz, a key global oil…