Iran Requires 48-Hour Transit Requests and Waives Fees for Strait of Hormuz Passage
Following a recent US-Iran memorandum of understanding, Iran's Persian Gulf Strait Authority has reopened the Strait of Hormuz and mandated that all vessels submit transit requests at least 48 hours in advance. During a 60-day negotiation period, Iran will waive fees related to security, safety, environmental services, and insurance. The advance requests aim to coordinate routes and transit times to ensure safe passage, particularly in areas potentially affected by mines.