How Iran and U.S. diverge over interpretation of their deal

BEIJING, June 17– The United States and Iran have reached a deal to end hostilities, with both sides set to send delegates to Switzerland for a ceremonial signing on Friday.

While the deal has brought hope for peace and relief to financial markets worldwide, its key provisions remain contested. The two sides diverge significantly on how the Strait of Hormuz will be reopened, how sanctions on Iran will be lifted, and how security will be guaranteed.

WILL THERE BE FEES FOR TRANSITING HORMUZ

A 14-point draft memorandum, released by Bloomberg News on Wednesday, covers the Strait of Hormuz reopening, sanctions relief, an economic rehabilitation plan for Iran, and Tehran’s pledge to never pursue nuclear weapons.

On the reopening of the crucial waterway for global energy shipments, the two sides have recently offered conflicting accounts, with a key dispute over whether transiting ships will face fees.