Middle East live: Hormuz oil traffic hits 12.5 million barrels after US-Iran agreement, Vance says

WorldPolitics
19 Jun 2026 • 12:12 AM MYT
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Image from: Middle East live: Hormuz oil traffic hits 12.5 million barrels after US-Iran agreement, Vance says
©Eric Lee, Reuters

Yesterday's key developments:

  • US ⁠President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday ‌signed ⁠a memorandum ‌of understanding aimed at ending ⁠the war with Iran.
  • Iran's chief negotiator on Wednesday said Tehran would charge service fees for ships crossing the Strait of Hormuz after a 60-day fee-free period stipulated in a memorandum of understanding with the US.
  • Iran could get access to a $300 billion reconstruction fund under a deal with the United States, US officials said Wednesday as they released the text, while insisting that Washington was under no commitment to contribute.

(FRANCE 24 with Reuters, AP and AFP)