Iran adjusts Strait of Hormuz fees

The Supreme National Security Council of Iran announced the issuance of new regulatory measures for navigation in the Strait of Hormuz. These include requiring prior notice from ships and tankers wishing to pass through to organize passage according to new security arrangements. It also indicated that no fees will be imposed on transit vessels during the next 60 days, and that the Iranian government might temporarily bear those fees to ensure the flow of energy supplies and global trade. This is to be done while adhering to pre-determined routes and schedules to facilitate movement and ensure maritime safety during the transition period.

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