Iran Plans 60-Day Free Passage in Hormuz, Then Fees
Iran will waive transit charges for 60 days while vessels must request passage 48 hours ahead and coordinate routes to avoid mine hazards.
- Iran reiterated plans to impose tolls in the Strait of Hormuz after the 60-day ceasefire period expires, challenging a preliminary deal offering "safe passage" and "free of charge" transit.
- The preliminary deal aims to pause conflict for 60 days, though President Donald Trump maintains that international law prohibits Iran from subjecting ships to tolls.
- Maersk Chief Executive Officer Vincent Clerc criticized the potential fees, stating that allowing Iran to charge for passage would "create, in my book, a very dangerous precedent" for global maritime trade.
- Diverting ships to avoid sea mines, Maersk has utilized land routes through Saudi Arabia to deliver goods, though these alternatives cost the shipping company about US$1,000 extra per container.
- While maritime analysis firm Windward reported 24 vessels transited the Strait of Hormuz on June 16, traffic remains far below the pre-war average of 130 ships daily as companies weigh global route security.
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239 Articles
Strait of Hormuz feels tense and uncertain as peace deal takes hold
The Strait of Hormuz. A battlefield. A point of leverage. A geographic bend whose name has now found its way to kitchen tables across the globe. Since the early days of this war, few captains have dared cross it ever since the Islamic Revolutionary Guard Corps announced it was closed. There have been steep consequences...
Iran denies closing Strait of Hormuz again, says shipping 'operating normally'
Tehran dismissed reports that it had reimposed a closure on the Strait of Hormuz, insisting maritime traffic is continuing under the US-Iran ceasefire agreement even as new advance-notice requirements for vessels come into force
Ship traffic through the Strait of Hormuz was the busiest in two months after the United States and Iran signed a temporary peace deal, but fell on Friday due to new uncertainty.
Maritime traffic in the Strait of Ormuz seemed to be collapsing on Friday after a recovery, with Iran now forcing ships wishing to take this strategic route to follow a new route and make a transit request 48 hours in advance.
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