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Reports have indicated that Iran informed Washington that it does not impose any transit fees or insurance costs on ships passing through the Strait of Hormuz, as part of an understanding to halt military operations in the region and lift the maritime blockade imposed on Iran. Additionally, Washington announced its intention to release part of Iran's funds to be used for purchasing American agricultural products to support farmers, while Iran considers the memorandum of understanding with the United States to be a "declaration of defeat" for the U.S. in the region.
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