Iran’s Ambassador to China, Abdolreza Rahmani Fazli, says Tehran will introduce service fees for ships transiting the Strait of Hormuz under new arrangements being worked out with Oman. The move follows a temporary agreement with the U.S. that kept the strategic waterway open to commercial shipping for 60 days after the recent conflict.

Iran to levy transit fees in the Strait of Hormuz after a 60-day grace period, asserting control with Oman and warning ships against alternative routes.

Monetizing the strait would be a dramatic change from before the war, when cargo ships transited without paying any fee.