Iran agrees to long-term nuclear inspections, prompting the U.S. to ease restrictions on Hormuz Strait ship traffic under escrow-controlled sanctions relief.
President Donald Trump announced the U.S. will allow the Strait of Hormuz to remain open without a naval blockade following Iran’s agreement to indefinite nuclear inspections. The move follows concessions from Iran, though U.S. vessels remain on standby to reinstate the blockade if necessary, which Trump called unlikely.
The U.S. Treasury will release funds and sanctions relief into escrow, earmarked for humanitarian purchases exclusively from American suppliers, including agricultural products. Iran’s military confirmed daily vessel passage limits will vary based on conditions, without specifying exact numbers.
The agreement marks a shift in U.S.-Iran tensions, though details on enforcement and verification remain unclear. Markets may react to reduced geopolitical risk in oil transit routes, though long-term stability is uncertain.