Iran has announced plans to introduce maritime transit fees for ships passing through the Strait of Hormuz within two months, following a 60-day negotiation period triggered by the recently signed memorandum of understanding with the United States, according to a report by The Guardian.

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

Iran to charge ships crossing the Strait of Hormuz after a 60-day fee-free period, raising questions over new transit costs on a key global oil and gas route.