U.S. Vice President JD Vance says the United States expects the Strait of Hormuz to remain open to shipping “toll-free” over the long term. Multiple outlets report that Vance links the outlook to a broader peace framework between the United States and Iran, describing the intention for ships to pass through the strait without tolls.

The reporting also highlights that statements from the two sides differ. CNBC and other coverage note that the U.S. and Iran have issued conflicting messages about how the Strait of Hormuz would be managed, even as Washington expresses an expectation of toll-free passage.

France 24 adds context from the negotiating process, saying the agreement could help unlock reconstruction funding, while key terms are still subject to further discussion. France 24 also reports that Vance emphasizes conditions related to Iran meeting its commitments before receiving economic benefits. Overall, the sources depict ongoing diplomatic negotiations, with uncertainty remaining over final arrangements for control, fees, and related economic issues tied to any peace deal.