Iran’s Supreme National Security Council announced an exemption from transit fees for commercial vessels passing through the Strait of Hormuz for a period of 60 days. The waiver, based on a previous memorandum of understanding, requires ships to submit advance requests to benefit. This move appears aimed at easing tensions and facilitating maritime traffic in the critical waterway. The announcement comes amid ongoing regional instability and concerns over shipping disruptions. Details regarding the request process and specific criteria for exemption were not immediately available. This policy is intended to encourage continued commercial activity despite heightened geopolitical risks in the area. The Iranian statement did not specify the rationale behind the limited-time offer, but it suggests a potential effort to demonstrate a willingness to cooperate on maritime security.
