transit fees

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    Hormuz Strait: Iran's Passage Plans Tied to US Talks

    Beijing, April 8 Iran will allow ships to pass through the Strait of Hormuz during the two-week ceasefire, but any decision to open the Strait entirely in the future will depend on the results of peace talks with the US, a senior Iranian diplomat said on Wednesday.So far, 3,000 ships are...
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    Navigating Tensions: Iran’s New Fee in Strait of Hormuz

    Tehran, March 23 – Iran has begun charging certain vessels a transit fee of $2 million (approximately ₹18.8 crore) to pass through the strategically vital Strait of Hormuz, which officials describe as a new assertion of control amid its ongoing conflict with the United States and Israel...
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