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Middle East Crisis Live: Tehran to Charge Ships After 60 Days

Middle East Crisis Live: Tehran to Charge Ships After 60 Days

South-east Asian nations welcomed the US-Iran agreement to end their conflict, particularly due to the reopening of the Strait of Hormuz, which is vital for regional oil supplies. The deal includes a temporary halt to hostilities, the resumption of maritime traffic without charge, lifting US sanctions on Iran, and a $300 billion fund for Iran’s reconstruction. Iran also agreed not to develop nuclear weapons and to reduce its uranium stockpile, while the US pledged to lift sanctions and unfreeze Iranian assets.

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