The US-Iran deal reopens the Strait of Hormuz with 60 days of toll-free shipping before Iran imposes fees worth an estimated $40 billion annually.

Iran and the US signed a 60-day deal suspending transit fees in the Strait of Hormuz, but both sides disagree on what happens when the clock runs out.

The US-Iran deal reopens the Strait of Hormuz with 60 days of toll-free shipping before Iran imposes fees worth an estimated $40 billion annually.