Strait of Hormuz access clarified
After the signing of a Memorandum of Understanding between the United States and Iran, ships began passing through the Strait of Hormuz, with three oil tankers carrying around 6 million barrels of crude oil crossing on Thursday. This marks a significant move after weeks of tension. The agreement stipulates that the United States will cease its naval blockade and that Iran will allow safe passage for vessels for 60 days without fees, with the possibility of future fees that would combine Strait management and maritime services, which could raise objections from Gulf countries. Most ships are still waiting to transit after having been halted by naval mines, and experts estimate that mine removal could take weeks.
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