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July 2, 2026
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Home / Global / Iran Grants 60-Day Fee-Free Passage Through Strait of Hormuz

Iran Grants 60-Day Fee-Free Passage Through Strait of Hormuz

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Iran has announced that it will waive planned transit fees for commercial vessels passing through the Strait of Hormuz during a 60-day negotiation period under the recently signed memorandum of understanding (MoU) with the United States. During this period, ships will not be charged for security, safety, environmental services, or related insurance fees.

However, vessels seeking passage through the strategic waterway must submit transit requests at least 48 hours in advance and coordinate routes and transit schedules to ensure safe navigation. Iranian authorities said the temporary measure is aimed at supporting ongoing diplomatic efforts and maintaining maritime stability during negotiations.

The Strait of Hormuz remains one of the world’s most important energy corridors, handling a significant share of global oil and gas shipments. The fee suspension is expected to provide reassurance to international shipping markets while broader negotiations continue.

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