Trump says Strait of Hormuz will be fully open, toll-free by Friday

US President Donald Trump on Tuesday said the Strait of Hormuz would be fully reopened by Friday and remain open to shipping toll-free on a permanent basis. Speaking to reporters at a meeting with the UAE's President Mohamed bin Zayed Al Nahyan in France, Trump said: "We're going to have it (Strait of Hormuz) fully open by Friday."

Oil prices and stock market

"The ships are starting to move nicely, oil is starting to go, and the prices are coming down rapidly. Stock market is going up rapidly, a lot of good things are happening, and most importantly, Iran will not have a nuclear weapon," Trump said. He said the waterway "is going to be open toll-free, and it's toll-free beyond the 60 days," adding: "When it opens permanently, it'll be toll-free."

Deal transparency

The US president vowed to share the peace deal document with media "in a couple of days." "I'll not only release it, I'll probably have a press conference and read it to you word by word, so that the press covers it accurately, because it's a very important document," he said.

Congress review

Trump said he intends to send the Iran deal to Congress for review. He said that if the deal is not approved, "let's let them (Iran side) have a nuclear weapon," adding that Democrats will "go crazy." He also said removing Iran's enriched uranium would be a "very tough excavation," with only the US and "probably China" having the capability.