Iran Requires 48-Hour Transit Requests and Waives Fees for 60 Days in Strait of Hormuz
Iran's Persian Gulf Strait Authority has mandated that all vessels submit transit requests at least 48 hours before crossing the Strait of Hormuz, following a US-Iran memorandum of understanding. During a 60-day negotiation period, Iran will waive fees for security, safety, environmental services, and related insurance, while requiring ships to coordinate routes and transit times due to safety concerns, including potential mine risks. After this period, Iran plans to impose transit charges.