Iran offers free passage through the Strait of Hormuz for 60 days. Normal traffic by June 15 at 0.2% YES.

"Early indications suggest this may depend on Iran clearing naval mines over an initial 30-day period."

Iran offers 60-day toll-free transit through the Strait of Hormuz during ceasefire talks, while launching a bitcoin-settled maritime insurance platform.

According to the publication, following this 60-day period, Iran intends to offer services in the areas of security, navigation, environment, and insurance

The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy.

According to the vice president, the US expects that passage through the waterway will remain free after the final version of the agreement is concluded

Iran and Oman agree to normalize Strait of Hormuz maritime traffic after crisis cut daily vessel counts from 140 to single digits since February 2026.

Iran and the US agreed to cease hostilities and lift maritime blockades. Strait of Hormuz traffic returns to normal by July 31 at 54.5% YES.

Iran offers free passage through the Strait of Hormuz for 60 days. Normal traffic by June 15 at 0.2% YES.

Tehran says fees to cover cost of managing waterway will come into effect at end of 60-day negotiation period