Per Iran, they will be escorting ships through the Strait, but they are maintaining control. Short term that is a win for oil prices, but long term seems like a pretty big win for Iran if that is what the final deal looks like. They also claimed that "as part of the plan, the US has in principle agreed to lift all primary and secondary sanctions against Iran, the council said. It has also agreed to accept Iran’s nuclear enrichment and recognize its continued control over the Strait of Hormuz, according to the council."







