Strait of Hormuz to open for 60 days, but long-term future still subject to negotiation

Iran Offers 60-Day Toll-Free Hormuz Transit As 100s Of Ships Await Reopening

U.S. and Iran agreed to reopen the Strait of Hormuz with 60 toll-free days; Iran then monetizes navigation/safety charges. Hundreds of stranded vessels resume, but energy normalization could take quarters—extending supply-chain cost uncertainty and operational impact.