US-Iran peace deal includes the immediate reopening of the Strait of Hormuz

Oil prices have surged as shipping in the Strait of Hormuz has been cut off.

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…