US officials said Monday that ships will move toll-free through the Strait of Hormuz under an Iran peace deal signed by President Donald Trump, and insisted that Tehran would have to fulfill its commitments…

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

Senior US officials said that President Donald Trump is going to make a deal with Iran, and it is going to be a 'great' one.

Deep divisions in Iran as regime hardliners and protesters reject the emerging deal

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…