Iran Waives Fees for Ships Passing Through Hormuz Strait for 60 Days

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Himanshu Tiwari

Iran Waives Fees for Ships Passing Through Hormuz Strait for 60 Days

Tehran, June 19: Iran’s top security body has announced a significant decision regarding ships passing through the Hormuz Strait. The Supreme National Security Council (SNSC) has ordered the expedited processing of requests related to maritime traffic in the region. This move aligns with the objectives of a recently signed memorandum of understanding (MOU) between Tehran and Washington.

According to Xinhua News Agency, the SNSC released a statement in Iranian media, indicating that major changes are being implemented for vessels navigating the Hormuz Strait. This announcement coincided with the electronic signing of an MOU by Iranian President Masoud Pashayekian and U.S. President Donald Trump.

Under the agreement, no fees will be charged for ships passing through the Hormuz Strait for a period of 60 days. The Iranian government will cover all associated costs. Vessels must submit their requests to the Persian Gulf Strait Authority (PGSA). The SNSC emphasized that ships must adhere to designated routes to ensure safe maritime traffic and avoid accidents. Compliance with the scheduled timings is mandatory.

The statement highlighted that there are certain security risks along the route. Ensuring safe traffic is essential, which is why movement will be controlled.

Iran has assured that traffic in the strait will gradually increase. Technical and implementation details will be provided by the PGSA.

Following the agreement, U.S. Vice President J.D. Vance stated that the next 60 days will be crucial. The economic benefits for Iran will depend on verified actions, not just promises. This timeframe will determine the future of the agreement.

Vance noted that the U.S. is working to transform this agreement into a permanent peace deal, which will also address Iran’s nuclear program and regional activities. Distrust could complicate this process.

Vance told the media, “I would say the 60-day period officially began today.”

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