Initially, Iran would send ships, including oil tankers, through the waterway to ensure it is free of mines before the strait opens to other shipping, FT reports citing sources
Important
SourceNewsquawk
SectionGeopolitical
- Ships would not be charged fees during the temporary arrangement, the people added.
- If a deal holds and the strait reopens, the US would lift its naval blockade on Iranian ports and reinstate a waiver to allow Iran to sell oil and petroleum-related products, one of the people said.
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via FT