safety
Iran will reopen the Strait of Hormuz and can sell oil freely under deal with the US, officials say
By Rubén Rosario at WSVN 7 News
· June 17, 2026
· 7 min read
DUBAI, United Arab Emirates (AP) — Iran will immediately take steps to reopen the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed and will be allowed to sell its oil without restrictions, according to leaked copies of an interim agreement that officials say broadly matc
Key takeaway The accord, due to be signed in Switzerland on Friday, also envisions Iran receiving at least $300 billion to rebuild after the war and says the U.
Why this matters in The Miami
Miami's role as a major hub for international trade and commerce means that the reopening of the Strait of Hormuz will have a significant impact on the local economy. The strait's closure had contributed to a historic energy crisis, and its reopening will likely lead to increased oil shipments and lower energy prices. This could have a positive effect on Miami's ports and shipping industry, which is a vital part of the city's economy. Additionally, the city's large Latin American and Caribbean communities may also be affected by the deal, as it could lead to increased trade and economic cooperation between the US and Iran, potentially benefiting Miami's diverse business community. As the details of the agreement become clearer, Miami residents and business owners will be watching closely to see how the deal will affect the local economy and trade relationships.
About this story
Original reporting by WSVN 7 News . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit WSVN 7 News . Have a tip or correction? Contact our newsroom .
Category: safety ·
Published: June 17, 2026 ·
Source: WSVN 7 News ·
Reading time: 7 min
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Frequently asked about this story
What is this story about? DUBAI, United Arab Emirates (AP) — Iran will immediately take steps to reopen the Strait of Hormuz once a tentative deal with the U.S. to end the war is signed and will be allowed to sell its oil without restrictions, according to leaked copies of an interim agreement that officials say broadly matc
When was this published? This article was first published on June 17, 2026 by WSVN 7 News and curated for The Miami readers.
Who reported this story? This story was reported by Rubén Rosario at WSVN 7 News. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The Miami, or browse our daily briefing and topic hubs .
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