U.S. Vice President: The Strait of Hormuz will remain "open and free for passage in the long term." Iran: Shipping service fees will be charged; nuclear negotiations and lifting of sanctions will begin within 60 days.

``` The U.S.–Iran Peace Agreement Is About to Be Signed; Geopolitical Risks in the Strait of Hormuz Significantly Ease The signing of the U.S.–Iran peace agreement is imminent, and geopolitical risks in the Strait of Hormuz have substantially eased. However, there are still differences in their statements regarding whether passage through the strait will be free of charge. According to Xinhua News Agency, on the 15th, U.S. Vice President Vance said, “It is expected that the U.S.–Iran Memorandum of Understanding will keep the Strait of Hormuz ‘open for the long term and free of transit fees.’" However, according to Iran’s Fars News Agency citing informed sources, the temporary agreement reached by both parties states that Iran will only allow free passage through the strait for 60 days. After that period, Iran plans to charge commercial vessels fees for security, navigational services, environmental protection, insurance, and other related expenses. According to CCTV News, on the 15th local time, Pakistani Prime Minister Shehbaz said in a parliamentary speech that Pakistan will host the signing ceremony for the U.S.–Iran Memorandum of Understanding to be held in Geneva. On the 15th local time, Shehbaz declared, "After intensive negotiations, the United States and Iran have reached a peace agreement." Subsequently, both U.S. and Iranian officials confirmed the news. The official signing ceremony will take place on June 19th in Switzerland. Xinhua News Agency also cited Iranian media reports on the 15th, stating that Iranian President Pezeshkian said Iran and the U.S. will sign the memorandum of understanding on the 19th. Vance Confirms Progress of U.S.–Iran Agreement: Strait Reopening, Nuclear Oversight, Israel’s Participation On Monday, U.S. Vice President Vance confirmed on a CNBC program that the U.S.–Iran agreement is moving forward. He said the core of the agreement includes two pillars: reopening the Strait of Hormuz and granting the U.S. oversight authority over Iran’s nuclear program. Vance revealed that several Iranian representatives are expected to attend the signing ceremony on Friday. He said President Trump may attend, and he also plans to be present himself. Vance stated that, as the negotiations no longer rely on backchannel communications, there is hope for success, and he hopes to publish the agreement text this week. Regarding the verification mechanism, Vance emphasized that the U.S. "holds all the cards" in subsequent negotiations and that Israel will have a seat at the negotiating table. Vance said: “Some people within Israel quite like this agreement. I also believe some reports about this agreement have been inaccurate.” He added that Gulf states support the agreement “because they see it as an opportunity to build and create a new Middle East,” in which “Israel will have a seat at the table.” Iran: Nuclear Negotiations to Start Within 60 Days, U.S. Commits to Unfreezing Assets Iranian Foreign Ministry spokesperson Baghaei further explained the U.S.–Iran ceasefire memorandum at a press conference on the 15th local time. According to Xinhua News Agency, citing Iranian media on the 15th, the Iranian Foreign Ministry spokesperson stated that nuclear negotiations and sanctions relief will begin within 60 days. CCTV News reported that Baghaei stated at the press conference on the 15th that the U.S.–Iran ceasefire memorandum has been finalized. Iran plans to publish both the full text of the document and a summary explanation on the day the agreement is officially signed. After negotiations, expected to last about 60 days, conclude, the comprehensive agreement will be submitted for registration and confirmation as a legally binding and enforceable resolution of the United Nations Security Council. Baghaei also stated that details of the U.S.–Iran ceasefire memorandum will soon be released. The method of signing the memorandum and related mechanisms will also be decided and officially announced today or tomorrow. Baghaei emphasized that "unfreezing Iran's frozen assets and war compensation are two key economic priorities in the memorandum," and the United States has committed to implement them. Shipping Signals Emerge in the Strait; Maritime Industry Cautiously Observing Currently, transit signals have emerged in the Strait of Hormuz, but the shipping industry remains cautious. According to Xinhua News Agency, data from the international shipping information platform “MarineTraffic” showed that the LNG carrier “Disha” passed through the Strait of Hormuz into the Gulf of Oman on the 15th. This is the first large energy carrier to pass through the Strait after the U.S. and Iran reached an agreement. However, as of Monday morning, overall traffic in the strait remained sparse. According to Bloomberg, citing shipping data, about 300 fully loaded ships were anchored in the Persian Gulf waiting, with a similar number of empty vessels waiting near the Gulf of Oman to return and load, and about 250 ballast ships in the Gulf on standby. The shipping industry maintains a cautious stance regarding the implementation of the agreement. Angad Banga, CEO of The Caravel Group, said several crew members remain trapped in the Persian Gulf area and noted, "We have seen optimistic signals before, but ultimately the key is whether the agreement can be consistently implemented." Anoop Singh, global head of shipping research at Oil Brokerage Ltd, said that there is a clear division in risk appetite among shipowners, but overall, the market is still waiting for more details and guarantees of implementation before taking real action. Risk Warning & Disclaimer There are risks in the market; investments must be made with caution. This article does not constitute personal investment advice and does not take into account the unique investment objectives, financial circumstances, or needs of any individual user. Any opinions, views, or conclusions herein should be considered in regard to your specific situation. Investing based on the above is at your own risk. ```