Iran announces fee for Strait of Hormuz passage, says no return to pre-war conditions

Iran has announced that it will charge ships for crossing the Strait of Hormuz after a 60-day negotiation period, contradicting earlier statements by US President Donald Trump that the waterway would remain toll-free.

Iranian lead negotiator Mohammad Bagher Ghalibaf told state media on Thursday that the fee would come into effect following the conclusion of a memorandum of understanding (MoU) signed digitally between President Trump and Iranian President Masoud Pezeshkian.

“The Strait of Hormuz will not return to pre-war conditions. Iran has the right to sovereignty over the Strait of Hormuz and of course we will receive a fee for services,” Ghalibaf said, according to reports.

The MoU, which includes 14 points, was signed to address ongoing tensions and establish a framework for negotiations. The agreement provides for a 60-day period during which the parties are expected to reach a broader understanding.

President Trump had earlier claimed that the strait would remain open and toll-free even after the negotiation period. Iran’s announcement directly challenges that position, asserting its sovereignty over the strategic waterway through which about 20% of global oil passes.

The Strait of Hormuz, a narrow passage between the Persian Gulf and the Gulf of Oman, has been a flashpoint in regional tensions. Iran has previously threatened to close the strait in response to sanctions or military action, but this is the first time it has announced a specific fee structure.

The announcement is likely to escalate diplomatic tensions and has implications for global energy markets. Shipping companies and insurers may face increased costs, potentially affecting oil prices.