The Iranian regime aims to collect up to $1 million for each ship passing through the Strait of Hormuz, which is expected to reopen for two weeks while the United States and Iran negotiate a peace agreement, according to regional officials.

U.S. President Donald Trump announced on Tuesday night that Iran had agreed to a two-week ceasefire and to reopen the critical maritime route, while a ten-point peace plan is under consideration by both sides.

The exact terms of the agreement have not been disclosed.

Trump told Sky News on Wednesday morning that “these are very good points – and most of them have already been fully negotiated. If it’s not a good deal, we can very easily go right back to it.”

Earlier, however, an anonymous regional official told the Associated Press that Iran intends to impose tolls of up to $1 million on ships passing through the Strait during this two-week period.

According to Iran’s 10-point plan, the United States would also need to accept Tehran’s continued control over the Strait, recognize its right to uranium enrichment, lift all sanctions, pay compensation, and withdraw all its troops from the region.

Iran plans to use the revenue collected for post-conflict reconstruction following the weeks-long fighting.

Iran may open the Strait of Hormuz on Thursday or Friday.

Meanwhile, a senior Iranian official involved in the negotiations told Reuters that Tehran could reopen the Strait of Hormuz on Thursday or Friday, ahead of scheduled peace talks in Pakistan, provided an agreement is reached on a ceasefire framework.

By Wednesday afternoon, the United States and Israel appeared to be honoring their commitment to temporarily halt the devastating air campaign that had struck hundreds of Iranian targets over six weeks.