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Jun 18, 2026 Major3
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Iran Waives Transit Fees for Commercial Ships Through Strait of Hormuz for 60 Days
Iran announced a 60-day fee waiver for commercial ships transiting the Strait of Hormuz under a U.S.-Iran memorandum, with the Iranian government covering all costs. Vessels must follow designated routes and schedules, and the Persian Gulf Strait Authority will expedite applications while implementing safety measures.
Quick Facts
Who
Iran's Supreme National Security Council
What
Announced 60-day fee waiver for Strait of Hormuz transit
When
June 18, 2026
Where
Strait of Hormuz
- Announced 60-day fee waiver for Strait of Hormuz transit
- Iranian government to cover all transit fees
- Persian Gulf Strait Authority instructed to expedite applications
- Vessels required to follow designated routes and transit times
- Mine-clearing operations to proceed under memorandum terms
Iran's Supreme National Security Council announced on June 18 that commercial vessels transiting the Strait of Hormuz will be exempt from all related fees for the next 60 days, with costs covered by the Iranian government. The decision is grounded in Article 5 of a U.S.-Iran Memorandum of Understanding. Ships seeking passage must submit applications to the Persian Gulf Strait Authority, which has been instructed to prioritize and expedite their processing to align with the memorandum's objectives.
The Iranian statement acknowledged current special circumstances and existing security risks in certain areas of the waterway. To mitigate these hazards and prevent maritime incidents, commercial vessels are required to adhere to designated shipping routes and prescribed transit times. The Persian Gulf Strait Authority will publish specific implementation arrangements and technical details for strait passage separately.
The announcement also addressed additional matters covered under Article 5 of the memorandum, including mine-clearing operations in the Strait of Hormuz. Iran indicated it will undertake necessary measures for these activities in accordance with the terms of the bilateral understanding. The fee waiver represents a significant step in facilitating maritime commerce through one of the world's most strategically important waterways.
Why This Matters
This fee waiver significantly reduces operational costs for maritime commerce through the Strait of Hormuz, one of the world's most critical shipping chokepoints through which roughly 20% of global oil passes. For shipping companies and energy markets, the 60-day exemption provides immediate cost relief and predictability; for Iran, it signals commitment to the U.S.-Iran memorandum and regional maritime stability. The accompanying mine-clearing operations and structured shipping routes address genuine security concerns that have disrupted commerce and elevated insurance costs for regional shipping.
Timeline & Sources
Jun 18, 2026
WireIran's Supreme National Security Council announces 60-day transit fee waiver for commercial ships through Strait of Hormuz