U.S. Navy ends blockade of Iran's ports and coastal areas
The Navy on Thursday lifted its blockade of Iran's ports and coastal areas at the direction of President Donald Trump.
TL;DR
- U.S. Navy lifted its blockade of Iran's ports and coastal areas.
- The action was directed by President Donald Trump.
- A memorandum of understanding was signed between Trump and Iranian President Masoud Pezeshkian.
- The agreement aims to end the U.S.-Iran war.
- Iran will allow commercial vessels to transit the Strait of Hormuz without tolls for 60 days.
- Vice President JD Vance noted Iran has not fired on ships for two consecutive nights.
- Over 12 million barrels of oil reportedly transited Hormuz overnight.
- The blockade's end could lead to oil flows reaching nearly 50% of prewar levels within 30 days if the deal is implemented successfully.