The Persian Gulf Strait Authority, an agency set up by Tehran during the earlier ceasefire, said vessels must submit requests at least 48 hours in advance.

Around 500 vessels, including 220 oil tankers, remain in the Persian Gulf near the entrance to the Strait of Hormuz awaiting safe passage

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

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…