Iran's Supreme National Security Council has announced that, based on a memorandum of understanding with the US, no fees will be charged to ships transiting the Strait of Hormuz for 60 days. The memorandum of understanding appears to be part of a broader agreement between Iran and the US, with some reports suggesting it could lead to an end to the war between the two countries and the lifting of a US naval blockade. The status and details of the agreement are not entirely clear, with some outlets reporting that it has been finalized and others noting that it is set to be signed, while also sparking debate and discussion.