Published on 6/15/2026
The British newspaper “The Guardian” said that the initial agreement reached by the United States of America and Iran may give the Iranian economy a limited breathing space through partial easing of sanctions and the reopening of the Strait of Hormuz, but it does not dispel the deep economic challenges facing the country, nor does it guarantee a rapid influx of investments or a comprehensive economic recovery.
According to the newspaper, the agreement includes a temporary exemption for 60 days from some US sanctions imposed on Iranian oil and petrochemical exports, in addition to understandings that allow Tehran to recover about $12 billion of its frozen assets abroad without direct restrictions on how these funds are used.
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The agreement also provides for consideration of a gradual lifting of US, European and UN sanctions in later stages, provided that progress is made in other files, in addition to establishing an international program for the reconstruction and development of the Iranian economy with funding of no less than $300 billion. However, this program is not considered a binding compensation fund, and there are no clear guarantees regarding the amount of actual funding it will receive.
Reducing stress
The Guardian believed that the reopening of the Strait of Hormuz represents the most prominent immediate economic gains of the agreement, given the importance of the corridor through which about a fifth of global oil and liquefied natural gas trade passes.
It is expected that the resumption of commercial navigation will ease pressures on global energy markets and gradually reduce transportation and insurance costs. However, the return of traffic to pre-war levels will remain linked to the removal of sea mines and restoring the confidence of shipping and insurance companies.
According to the initial understandings, Iran pledged to reopen the strait to the movement of commercial ships, while it is expected that the return of traffic to normal levels will take several weeks after the completion of work related to securing the sea lanes.
Fees and blockades
Reuters quoted an American official as saying today that the Strait of Hormuz will remain open without fees for 60 days under the agreement between the United States and Iran, which is expected to be signed next Friday in Switzerland, to be followed by more technical negotiations between the two parties regarding a long-term agreement.
In response to a question from CNBC about whether there is an understanding with Iran to reopen Hormuz without fees for an initial period of 60 days or a longer period, US Vice President J.D. Vance said, “We expect the Strait to be opened without fees in the long term, and these are among the issues that we will discuss in the technical negotiations.”
President Donald Trump said that with the signing, the Strait of Hormuz will be reopened, and the naval blockade imposed by the United States on Iran’s ports will be lifted.
On the other hand, the Iranian Ministry of Foreign Affairs said that the agreement would allow it to impose maritime service fees on ships passing through Hormuz, instead of imposing transit fees.
Frozen funds
Despite what was leaked that the upcoming US-Iranian agreement would allow Tehran can recover about $12 billion of its frozen assets abroad without direct restrictions on how these funds are used. However, Uncertainty dominates how Iran will access its frozen funds and ease US and international sanctions on it.
Vice President Trump did not provide details about the conditions for easing sanctions, but he indicated that the matter would depend on “a two-step verification process,” and added, “We say to the Iranians, you can access an economy that is not subject to sanctions and you can be invited back into the global economy, but it depends on your compliance with the obligations contained in this agreement.”
On the other hand, before announcing today that the agreement had been reached, a senior Iranian official told Reuters that the United States would agree, under the terms of the draft agreement, to release frozen Iranian assets worth $25 billion.
