Iranian authorities have announced they will permit ships to transit the Strait of Hormuz, according to Reuters. This decision follows a recent agreement reached with the United States. Vessels seeking passage must submit requests fulfilling specific requirements outlined by Iranian officials. These requirements include a minimum lead time of 48 hours prior to the intended transit. The move suggests a potential easing of tensions in the critical waterway. Details regarding the exact nature of the agreement with the US remain limited. This policy change aims to regulate maritime traffic through the strategically important Strait of Hormuz.