US-Iran deal reportedly includes opening Strait of Hormuz, lifting oil sanctions

The United States and Iran have reportedly reached an agreement that could significantly alter regional dynamics, including an immediate and permanent cessation of all military operations and the reopening of the Strait of Hormuz.

According to reports, Iran expects Israel to cease its military activities against Hezbollah in Lebanon. In return, the US has agreed to a temporary lifting of sanctions on Iranian oil. The deal, expected to be signed in Geneva on June 19, will be made public afterward, according to Iran's Deputy Foreign Minister Kazem Gharibabadi.

Key contentious issues, likely including Iran's nuclear program and US sanctions, will be subject to further negotiations over the 60 days following the agreement's signing. While former President Donald Trump indicated the Strait of Hormuz would be opened immediately, experts cited by Reuters suggest that demining operations could delay its full clearance by up to 50 days.

Questions remain about transit fees through the vital waterway. Trump declared passage would be free of charge, but it is unclear if this applies only to transit fees or all charges. Iran has previously indicated it, along with Oman, intends to levy fees related to environmental protection and services provided by the managing countries. The semi-official Fars news agency reported that maritime traffic would be "regulated by Iran in coordination with Oman."

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the maritime traffic on this waterway will be 'regulated by Iran in coordination with Oman.'