TEHRAN: The first tankers carrying Iranian oil exited a US blockade in the Strait of Hormuz, a tracking website said on Wednesday, two days before Washington and Tehran launch talks on an agreed peace deal still scant on details — including Iran’s nuclear program and the lifting of sanctions. The talks on a final settlement are set to begin Friday at Switzerland’s Burgenstock mountain resort, as news that the Hormuz Strait will reopen sent world oil prices tumbling.

US President Donald Trump says oil tankers would be able to navigate the Strait of Hormuz toll-free, but many details of the deal with Iran are yet to be ironed out.

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…