Iran waives Strait of Hormuz fees during 60-day peace negotiation period (opens original article in a new tab)

Iran waived fees for ships passing through the Strait of Hormuz during a 60-day peace negotiation period with the US, requiring advance transit coordination.

• Iran's Strait of Hormuz authority waived fees for using the strait during a 60-day negotiation period with the US
• Ships must submit transit requests 48 hours in advance and coordinate routes due to mine-affected areas
• 25 commercial vessels crossed the strait on Thursday, the highest number since mid-April