Middle East live: Vance says Strait of Hormuz will reopen without tolls

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Middle East

Issued on: 16/06/2026 - 05:07Modified: 16/06/2026 - 05:12

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US Vice President JD Vance said ships will pass through the Strait of Hormuz without tolls under a peace deal signed with Iran, while insisting Tehran must meet its commitments before receiving economic benefits. Officials said the agreement could unlock reconstruction funding, but key details remain to be negotiated. Follow our liveblog for the latest updates.

Yesterday's key developments:

• US President Donald Trump said a memorandum of understanding with Iran has already been signed and that the text of the deal would be released sometime ​after ‌a formal signing ceremony on Friday.

• The G7 group of leading powers met for a summit in France set to be dominated by scrutiny of US President Donald Trump's deal to end the war with Iran.

• Several points of the MoU remain uncertain, as the US, Iran and Israel have made competing claims surrounding issues like tolls for ships passing through the Strait of Hormuz and Israel's ongoing presence in Lebanon.

(FRANCE 24 with Reuters, AP and AFP)

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