Iran waives Hormuz transit fees during 60-day US truce window

WorldBusiness & Finance
19 Jun 2026 • 7:34 PM MYT
Malay Mail
Malay Mail

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Malay Mail

DUBAI, June 19 — Iran's Strait ‌of Hormuz body ​said on Friday it would waive ‌planned fees to use ​the strait during a 60-day negotiation period under the memorandum ​of understanding signed with the United States this week.

Ships seeking passage through ‌the strait while ⁠the interim agreement ⁠is in ⁠force must submit ⁠transit ⁠requests at least 48 hours before arrival, ⁠Iran's Persian Gulf Strait Authority (PGSA) said in a notice.

Iran would waive fees for security, ⁠safety, environmental services and related insurance during the period, ⁠while requiring vessels to coordinate ⁠routes ⁠and transit times ​in advance due ​to areas ‌affected by mines ​and to ​ensure safe navigation. — Reuters

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