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The Strait of Hormuz could soon see smoother maritime traffic after US Vice President JD Vance said ships would not be required to pay tolls to Iran under the newly announced framework agreement. The strategic waterway, a key route for global energy shipments, has faced uncertainty since the conflict began and tolls were introduced. Vance noted that while the arrangement may initially be temporary, both sides are expected to continue negotiations to establish a lasting solution. The discussions are part of broader efforts to reduce tensions and address unresolved technical issues between Washington and Tehran.

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00:00Well, our expectation is that the strait is going to be opened in a toll-free way for the long
00:04term.
00:04And that's the sort of thing that we're going to figure out in these technical negotiations.
00:08You know, there are a lot of very important details to figure out that we're actually going to sit at
00:13the table and discuss together and figure out a path forward on these details.
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