Iran Plans 60-Day Free Passage in Hormuz, Then Fees
Iran says vessels can transit the Strait of Hormuz free for 60 days while negotiators work through mine risks and security guarantees.
- 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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170 Articles
Iran has announced new rules for the passage of the Strait of Hormus. In addition to registration of shipowners, insurance could become mandatory.
Iran Imposes New Insurance Rules For Ships In Strait Of Hormuz
Iran has introduced new conditions for vessels passing through the Strait of Hormuz, one of the world’s most important energy shipping routes. According to a document obtained by CBS News, all ships transiting the strait must carry insurance policies approved by Iran’s newly established Persian Gulf Strait Authority (PGSA). The agency, created during the recent conflict, claims sole authority over traffic management in the waterway.The document …
Netanyahu calls for toughness against Hezbollah – new ceasefire agreed +++ Iran apparently invites IAEA inspectors to nuclear plants +++ New dead in Israeli attacks in Lebanon +++ The Newsblog.
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