An interim US-Iran agreement is taking effect that aims to reopen the Strait of Hormuz and restore commercial shipping, but sources say it will not immediately return conditions to prewar normality. Multiple outlets report that the United States ends its naval blockade of Iranian ports and that Iran commits to reopening the strait to commercial traffic. The arrangement is tied to an initial ceasefire framework expected to last about 60 days, with additional negotiations focused on Iran’s nuclear program.

Several reports describe an emerging memorandum of understanding that includes nuclear-related commitments by Iran, including a pledge not to acquire nuclear weapons. Sources also say the deal includes measures intended to keep traffic moving, such as removing tolls for commercial vessels for a limited period. However, coverage highlights continuing operational risk: mines and other security concerns in the waterway could keep shipping insurers cautious and slow full restoration of regular oil flows. Traders and markets are watching for officials to sign the initial accord, with some reporting that additional details and timelines are still being finalized.