The US expects Iran to restore the flow of oil and gas through the Strait of Hormuz to pre-conflict levels and ensure the safe passage of commercial vessels, US Vice President JD Vance said Saturda…

Iran demands the US end naval blockades and accept shipping fees before reopening the Strait of Hormuz, which carries 20% of global oil and LNG

JD Vance confirms Iran agreed to no Strait of Hormuz tolls under a US-Iran MOU, as oil prices fall from $120 to $70 and Gulf flows begin