Iran drops fees for passage through the Strait of Hormuz during a 60–day negotiation window under a MOU signed with the US, but tightens ship coordination rules. — ISNA/AFP pic Earn a fixed rate of up to 4.2%* p.a. for 210 days with Versa Save! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. Friday, 19 Jun 2026 7:34 PM MYT DUBAI, June 19 — Iran's Strait ‌of Hormuz body ​said on Friday it would waive ‌planned fees to use ​the strait during a 60-day negotiation period under the memorandum ​of understanding signed with the United States this week.Ships seeking passage through ‌the strait while ⁠the interim agreement ⁠is in ⁠force must submit ⁠transit ⁠requests at least 48 hours before arrival, ⁠Iran's Persian Gulf Strait Authority (PGSA) said in a notice.Iran would waive fees for security, ⁠safety, environmental services and related insurance during the period, ⁠while requiring vessels to coordinate ⁠routes ⁠and transit times ​in advance due ​to areas ‌affected by mines ​and to ​ensure safe navigation. — Reuters