U.S. Vice President JD Vance announced the commencement of a 60-day period related to a previously agreed upon understanding between the U.S. and Iran. The timeframe, originating from a memorandum of understanding approved under former President Trump, officially began on Thursday. Vance reiterated the U.S. position that the Strait of Hormuz, a critical global oil and gas transit route, should remain free from tolls or restrictions. This stance stems from Iran’s past actions of effectively closing the waterway during wartime. The announcement signals a potential shift in negotiations regarding the region’s maritime security and trade. The U.S. expects adherence to free passage during this 60-day evaluation period. Further details regarding the specifics of the agreement were not disclosed during the White House briefing.