Iran waives Strait of Hormuz fees during 60-day peace negotiation period
AI Summary
Iran's Persian Gulf Strait Authority announced it will waive fees for ships using the Strait of Hormuz during a 60-day peace negotiation period as part of a memorandum of understanding with the United States, requiring ships to submit transit requests 48 hours prior.
Iran’s Strait of Hormuz body said on Friday it would waive planned fees to use the strait during a 60-day negotiation period under the memorandum of understanding signed with the United States this week. Ships seeking passage through the strait while the interim agreement was in force must submit transit requests at least 48 hours before arrival, Iran’s Persian Gulf Strait Authority said in a notice. Iran will waive fees for security, safety, environmental services and related...