WASHINGTON — U.S. Vice President JD Vance announced Monday that he is hopeful the written text of an agreement aimed at ending the war in Iran and reopening the Strait of Hormuz will be made available to the public sometime this week, even as technical negotiations over the finer points of the deal are expected to continue.
Speaking during an interview on CNBC, Vance expressed the United States’ position that the economically critical shipping waterway should remain open without any fees on a permanent basis.
“Our expectation is that the Strait is going to be opened in a toll-free way for the long-term,” Vance said.
He added, “That’s the sort of thing that we’re going to figure out in these technical negotiations. You know that there are a lot of very important details to figure out that we’re actually going to sit at the table and discuss together and figure out a path forward.”
Both the United States and Iran have confirmed they reached terms to end the conflict and reopen the strait. The announcement brought some relief to financial markets, though the agreement may depend on a cessation of hostilities in Lebanon and puts off discussions about Tehran’s nuclear program to a later date.
While still considered a framework rather than a finalized agreement, the deal represents the most significant step yet toward resolving a conflict that has claimed thousands of lives and rattled global energy markets since it began with joint U.S.-Israeli military strikes against Iran back in February.
Vance indicated that Iran’s foreign minister and House speaker will serve as the country’s representatives at a signing ceremony set for Friday in Switzerland. He did not identify who would be present on behalf of the United States at that event.
