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VP Vance says U.S. expects Strait of Hormuz to be open ‘toll-free’ long term

Vance said the opening is still being worked out in technical talks as Trump claimed a deal would allow toll-free passage.

  • Vice President JD Vance stated on CNBC Monday that the long-term toll-free opening of the Strait of Hormuz remains subject to ongoing technical negotiations, contradicting President Donald Trump's earlier claims of immediate authorization.
  • President Trump announced a peace deal with Iran on Sunday, authorizing immediate removal of the U.S. Naval blockade; both nations then signed a memorandum of understanding to halt the conflict and initiate broader negotiations.
  • The memorandum mandates a 60-day toll-free period for the Strait, though Iran's Fars news agency reported that Iran and Oman intend to impose service fees thereafter. Senior U.S. officials noted the long-term operation requires further regional discussions.
  • Pentagon data reveals the administration's push for a deal follows military expenditures that depleted nearly 50 percent of Patriot air defense interceptor missiles and 45 percent of Precision Strike Missiles. Replacing these munitions will cost at least $24 billion over three years.
  • Iranian President Masoud Pezeshkian described the memorandum as an important initial step, noting a final agreement "has yet to take shape." The administration navigates diplomatic uncertainty while facing skepticism regarding long-term compliance and enforcement.
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Tehran. U.S. President Donald Trump said yesterday that the Strait of Ormuz will reopen completely on Friday, once his government and Iran sign the agreement in Geneva that day to end the war, and he assured that “the agreement is already signed.”

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Al-Monitor broke the news in Washington, United States on Monday, June 15, 2026.
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