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Iran says it will waive fees for Strait of Hormuz during 60-day negotiation period

The Straits Times World
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The United States ended its naval blockade on Iranian ports following a Memorandum of Understanding between the two nations, enabling oil tankers to resume passage through the Strait of Hormuz after months of restriction. Iran reopens the waterway without charging transit fees during the initial 60-day negotiation period on broader issues including its nuclear program. However, market analysts warn that full normalization of oil flows may be delayed by practical challenges including sea mine removal and maritime insurance barriers.

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Iran would waive fees for security, safety, environmental services and related insurance during the period. ...

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