Following the signing of a memorandum of understanding between Iran and the United States regarding de-escalation, Iran has announced potential surcharges for passage through the Strait of Hormuz. Iranian negotiators stated that if a formal agreement isn’t reached within a 60-day period, they will begin levying fees on vessels transiting the critical waterway. This move appears to be a pressure tactic to expedite negotiations with the U.S. Currently, Iran is observing a period of “free passage” for ships. The threat directly impacts global oil shipping, as a significant portion of the world’s oil supply passes through the Strait of Hormuz. The announcement comes as a response to ongoing sanctions and seeks to leverage Iran’s strategic control over the vital maritime route. The situation remains fluid and dependent on the progress of ongoing talks.