Iran says Hormuz transit fees suspended under US memorandum

Iran will waive planned fees for ships using the Strait of Hormuz during the 60-day negotiation period under its memorandum with the United States, according to Iran’s Persian Gulf Strait Authority.

The authority said ships seeking passage while the interim agreement is in force must submit transit requests at least 48 hours before arrival.

Iran said it would suspend fees for security, safety, environmental services and related insurance during the period, while requiring vessels to coordinate routes and transit times in advance because of areas affected by mines and the need to ensure safe navigation.