U.S. announces toll-free shipping through the Strait of Hormuz under Iran deal, contingent on Tehran meeting its commitments.

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.

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…

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…