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Strait of Hormuz to Open Gradually

Iran and US agree to gradually reopen the Strait of Hormuz. First phase includes asset release and mine clearance.

Grace Lewis
ByGrace Lewis- Senior Editor
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Iran will gradually open the Strait of Hormuz for shipping under a deal with the US.

According to "Washington Post" citing Iranian officials, in the first phase, the US will release $12 billion in frozen Iranian assets, and the strait will be cleared of mines.

The US and Iran have prepared a framework agreement including a 60-day ceasefire and the reopening of the strait.

Diplomatic sources say that once the deal is signed, Iran will immediately open the strait, with shipping returning to pre-war levels within 30 days.

Iran also commits to forgoing nuclear weapons and halting uranium enrichment.

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