Iran has assured the US it won't impose transit fees on ships in the vital Strait of Hormuz, as Vice President JD Vance highlighted ongoing maritime security discussions.

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

"What's been going on for the past week or so is that the Iranians and the Gulf countries, particularly Oman, have been talking about how to ensure the safe flow of traffic"…