Iran lays the groundwork for a new transit system in critical waterway, but will need Oman's buy-in to shore up legal defence

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

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…

Iran’s Supreme National Security Council has announced that Tehran will not impose any fees on ships passing through the Strait of Hormuz for 60 days under a memorandum of…

Iran has announced a 60-day waiver on fees for ships transiting the Strait of Hormuz, following a memorandum of understanding with the United States. During this negotiation…

Country’s Persian Gulf Strait Authority said that ships must follow a prescribed route that passes along its coast and that alternatives are prohibited. | World News

Iran lays the groundwork for a new transit system in critical waterway, but will need Oman's buy-in to shore up legal defence

Iran's new Persian Gulf Strait Authority will require insurance for Strait of Hormuz transits, with a proposed Bitcoin-settled Hormuz Safe platform

For many shippers and oil producers, the demand for mandatory insurance threatens to crystallise a worst-case scenario: tolls on the strait.