Iran announces new Strait of Hormuz transit rules
The Iranian Hormuz Strait Management Authority has announced that ships will be exempt from the tolls for crossing the passage during a 60-day negotiation period under a temporary agreement with the United States. The crossing requests are limited to submissions made 48 hours in advance, with coordinated routing and timing to ensure safety. Traffic through the strait has reached its highest level since April, amid increasing disruptions to the automatic identification system, amid fears that the movement could continue to be hindered and that the war in the region may impact maritime traffic. More than 500 ships are stranded in the Gulf with around 11,000 sailors onboard, and the crisis has worsened since Iran's closure of the strait in February.
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