The news comes after negotiators in Oman and Iran spent weeks working on a new shipping arrangement for the Strait of Hormuz, with the last several days spent finalizing the details. Under an arrangement reportedly in the works with Oman, Iran looks set to restore commercial shipping through one of the world’s most important energy chokepoints as soon as today and to create a new 60-day negotiating window to establish a lasting peace deal. The words were widely interpreted as meaning that Iran did not want the United States to be involved in the discussions. President Donald Trump said that the United States would not allow Iran to impose tolls on international shipping through the Strait of Hormuz, but reports on Thursday also suggested Iran was preparing to charge tolls. Per reports, Iran is seeking fees of up to 7% of the value of cargoes moving through the Strait of Hormuz, with Oman discussing smaller fees of around 3%.