Strait of Hormuz reopening: Iran waives transit fees as mine-clearing begins (opens original article in a new tab)

Iran has announced that ships transiting the Strait of Hormuz will not be charged application fees for the next 60 days as mine-clearing begins and traffic management is established.

• Iran waives transit fees for ships in the Strait of Hormuz for 60 days
• PGSA will manage vessel traffic through the strategic waterway
• Strait of Hormuz is a critical energy corridor for global oil and gas shipments
• Iran says it will cover costs during the initial period