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Iran’s Envoy Confirms Strait of Hormuz Open Without Tolls as US Talks Progress
Iran’s UN envoy Ali Bahreini has stated that the Strait of Hormuz is open without tolls, with a review in 60 days tied to US-Iran negotiations. He also denied that Iran has agreed to IAEA inspections, noting that nuclear discussions are for a later stage.
Quick Facts
Who
Ali Bahreini
What
Strait of Hormuz open to commercial vessels without tolls
When
Tuesday June 23, 2026
Where
Geneva
- Strait of Hormuz open to commercial vessels without tolls
- First round of talks on implementing Islamabad Memorandum of Understanding concluded
- Iranian assets to be unfrozen by the US
- Iran denies agreement on IAEA inspections
- Ali Bahreini
Iran’s ambassador to the United Nations in Geneva, Ali Bahreini, announced on Tuesday that the Strait of Hormuz is fully open to commercial vessels without any tolls. The decision is linked to ongoing talks between Iran and the United States, with a review scheduled after 60 days.
Bahreini’s remarks came after Iranian and US negotiators concluded the first round of discussions on implementing the Islamabad Memorandum of Understanding, which was signed by both sides in Switzerland last week. The agreement includes the unfreezing of Iranian assets held by the United States.
“Iran is the only country who decides what to do with those assets, and there would be no role for any other country or entity to have a say on how those assets should be used by Iran,” Bahreini stated. He refuted claims that Iran had agreed to allow inspectors from the International Atomic Energy Agency (IAEA) into the country, saying “No, there hasn't been such a decision or even such a discussion.”
The ambassador clarified that any discussions regarding Iran’s nuclear activities are expected in later stages of the negotiations. He added, “Therefore, any information provided by different sources about the possibility of allowing inspectors to come to Iran is incorrect.”
The announcement underscores a potential de-escalation in tensions around the strategic waterway, which is a vital conduit for global oil shipments. The 60-day review period will depend on the progress of the US-Iran negotiations.
Why This Matters
The Strait of Hormuz is a critical chokepoint for 20% of global oil supply. Iran's no-toll policy and commitment to a 60-day review linked to US talks suggest a potential de-escalation of military and economic risks in the region. For shippers, insurers, and energy markets, this signals near-term stability, but the denial of IAEA inspections leaves nuclear tensions unresolved.
Timeline & Sources
Jun 23, 2026
WireAli Bahreini announces Strait of Hormuz open without tolls, denies IAEA inspection deal, US-Iran talks continue