Hormuz governance to be shaped with Oman and Gulf states after war-ending agreement

U.S. officials say Iran will allow toll-free passage for commercial ships through the Strait of Hormuz for 60 days after signing a war-ending memorandum of understanding, after which Tehran, Oman and other Gulf states will discuss the future administration and maritime services in Hormuz. The United States will lift its naval blockade within 30 days of signing. The MOU outlines a 60-day window to negotiate a final deal, including sanctions relief, potential reconstruction funding for Iran, and nuclear-related terms, with discussions to proceed in line with international law and the sovereignty of coastal states.