Iran waives Strait of Hormuz fees during 60-day peace negotiation period
Iran has temporarily waived fees for commercial vessels transiting the Strait of Hormuz for a 60-day period, coinciding with peace negotiations. This move has led to a significant increase in ship crossings, with 25 vessels passing through on Thursday, the highest daily count since mid-April. The waiver applies to security, safety, and environmental services, provided vessels coordinate their routes and transit times in advance. AI
