Key facts
- President Trump announced the US-Iran memorandum of understanding has been electronically signed.
- The Strait of Hormuz is reported to be completely reopened, with shipping activity resuming.
- Iranian media reported three oil tankers and two cargo ships successfully crossed the Strait of Hormuz.
- IAEA inspectors are expected to return to Iran as part of the agreement's implementation.
- There will be no tolls or special fees for vessels transiting the Strait of Hormuz during the 60-day negotiation period.
President Donald Trump announced that the US-Iran memorandum of understanding has been fully signed electronically, with the Strait of Hormuz completely reopened and shipping activity resuming. Iranian media reported that three oil tankers and two cargo ships successfully crossed the Strait of Hormuz after the US lifted its naval blockade.
US Vice President JD Vance stated that International Atomic Energy Agency inspectors are expected to return to Iran as part of the agreement's implementation. Vance also confirmed there will be no tolls or special fees for vessels transiting the Strait of Hormuz during the 60-day negotiation period.
Iran's President Masoud Pezeshkian described the agreement as an important step toward ending the war, while stressing that a final comprehensive settlement has yet to be reached. The deal, brokered with mediation from Qatar and Oman, aims to de-escalate tensions and ensure maritime safety.
However, significant disagreements remain unresolved, particularly concerning Lebanon and Israel's future military role. Israeli politicians, including minister Bezalel Smotrich and politician Benny Gantz, have voiced strong opposition to the deal, deeming it detrimental and a strategic failure. The Lebanese army has warned residents to be cautious returning to southern villages due to potential Israeli violations, and Hezbollah has cautioned Israel against returning to the pre-March 2 status quo.
Globally, the agreement has been met with a mix of praise and caution. The UK, Egypt, China, Jordan, Saudi Arabia, UAE, and Kuwait have welcomed the deal, emphasizing diplomatic resolution and adherence to international law. Ukraine also welcomed the deal, hoping it would spur renewed US efforts to end Russia's invasion. The IMO chief called the deal an important step for safety in the Strait of Hormuz and for evacuating stranded seafarers.
Despite the positive reception, challenges persist. Iran's Foreign Ministry has indicated a 'long road' ahead for the US to gain trust due to historical events, and more negotiations are planned post-Switzerland signing. The Trump administration has emphasized that any released Iranian assets are not new US money but performance-based Iranian funds tied to the deal's conditions. A UK court ruling deemed banning Palestine Action as a terrorist group lawful, while reports of Israeli forces demolishing homes in the West Bank and ongoing conflict in Gaza and southern Lebanon highlight the volatile regional context.