Iran announces plans to bring in maritime fees for strait of Hormuz
As US lifts its blockade, Tehran says fees to cover cost of managing waterway will come into effect at end of 60-day negotiation period
TL;DR
- Iran will introduce maritime fees in the Strait of Hormuz after a 60-day negotiation period.
- Tehran claims control of the strait and stated a European naval mission would not be welcome.
- The US lifted its blockade on Iran, allowing oil tankers to move freely.
- Israeli Prime Minister Benjamin Netanyahu stated Israel would maintain its security zone in south Lebanon and prevent Iran from acquiring nuclear weapons.
- US President Donald Trump called for a complete ceasefire on all fronts.
- Ayatollah Mojtaba Khamenei approved the deal with the US and endorsed direct negotiations with Trump's team.
- A planned formal ceremony for the signing of the US-Iran memorandum of understanding was cancelled.
- Technical-level talks between the US and Iran will occur in Qatar to discuss the implementation of the memorandum.
- Saudi Arabia and the UAE expressed concerns about Iran's plan to manage the Strait of Hormuz.
- Iran hopes Gulf allies will contribute to a planned $350bn Iran construction fund.