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The Independent UK
The Independent UK
James C. Reynolds and Jonathan Saul

Trump says charging countries to use Strait of Hormuz could be ‘joint venture’ with Iran: ‘It’s a beautiful thing’

Iran Strait United States Donald Trump Gulf Pete Hegseth Oman Oil Tehran

Iran has agreed to reopen the Strait of Hormuz to commercial shipping as part of a delicate two-week ceasefire agreement announced with the US.

Oil fell below $100 per barrel on Wednesday as a senior Iranian official said the vital waterway could be reopened in a limited and controlled way as soon as Thursday, ahead of a meeting with the US to discuss more enduring peace terms.

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