Iran signals intent to charge ships for Hormuz transit
India, June 20 -- A new Iranian authority charged with overseeing the strait issued guidance Friday calling on ships to register with it even as transits are currently free - signalling Tehran's intent to likely start charging.
The notice came from the Persian Gulf Strait Authority, a new agency in the Islamic Republic. The reopening of the Strait of Hormuz marks the end of nearly four months of disruption that sent crude oil prices soaring and heightened concerns over global energy supplies.
The Strait opened after a Memorandum of Understanding, signed by US President Donald Trump and his Iranian counterpart, Masoud Pezeshkian, to end the war, came into effect.
The Strait of Hormuz, a narrow waterway connecting the Persian Gulf with t...
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