Vance says the U.S. expects the Strait of Hormuz to reopen toll-free for good

The vice president said details will be worked out in technical negotiations, but shippers warn the current terms lack clarity on timing and safe routes

Shipping industry groups are questioning the clarity of the newly reached U.S.-Iran agreement even as Vice President JD Vance declared Monday that toll-free, long-term access through the Strait of Hormuz is what Washington is counting on, according to CNBC.

"Our expectation is that the strait is going to be opened in a toll-free way for the long term, and that's the sort of thing that we're going to figure out in these technical negotiations," Vance said.

A different picture........

© Quartz