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US expects Iran to restore Hormuz energy flows to pre-conflict levels
US Vice President JD Vance says Washington expects Iran to restore oil and gas flows through the Strait of Hormuz, ensure safe commercial passage and refrain from imposing tolls or attacking vessels.
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Iran conditions reopening of Strait of Hormuz on US acceptance of its demands
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
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JD Vance expects oil flows from Gulf to return to pre-conflict levels
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
