US and Iran Agree to Cease Hostilities and Resume Oil Shipments

5 sourcesFirst reported 1 month agoUpdated 1 month ago

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What all sources covered

Iran will not charge tolls for ships passing through the Strait of Hormuz for 60 days.
The move follows an agreement between the US and Iran as announced by the National Security Council.
Iran will also take actions to clear mines from the maritime area.
Navigation rules will be established to enhance safety and avoid incidents during the transition period.
The security threat level in the Strait has been downgraded from 'critical' to 'medium' due to this agreement.

5 sources

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