Iran Waives Strait of Hormuz Transit Fees for 60 Days as Traffic Rebounds After U.S. MoU Introduction Iran’s Persian Gulf Strait Authority (PGSA) announced a 60-day waiver on all transit fees for vessels crossing the Strait of Hormuz, effective June 19, according to a notice from the authority. The waiver follows the signing of a memorandum of understanding (MoU) between Iran and the United States in Islamabad, with Pakistan serving as mediator. The PGSA stated that “no fees will be charged to vessels for passage” during the 60-day negotiation period, according to reports. [1] The announcement came as traffic surged…
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