Middle East crisis live: agreement signed by US-Iran presidents; Tehran claims it will charge ships to transit strait of Hormuz

More on the strait of Hormuz: Iran is saying it will “not return to pre war conditions” and that Tehran will charge ships to transit the waterway after a 60-day toll-free period stipulated in the memorandum of understanding. Iranian foreign ministry spokesperson Esmail Baghaei reportedly said the issue of the strait would be the responsibility of Iran and Oman. Chief Iranian negotiator Mohammad Bagher Ghalibaf said on state television that the “strait of Hormuz will not return to prewar conditions”, adding: double quotation mark Iran has the right to sovereignty over the strait of Hormuz and of course we will receive a fee for services. Donald Trump has previously said he would not accept tolls being imposed for crossing the vital energy route, through which about a fifth of global oil and LNG supplies usually travel. But in defending the US deal with Tehran, he said that if it was not struck the strait would “never have been opened” and a “worldwide depression” would result.