Iran Agrees to 60 Days of Toll-Free Commercial Passage Through Hormuz

Summary

Senior U.S. officials said on 17 June that Iran will allow safe passage for commercial ships through the Strait of Hormuz without tolls for 60 days, following the initial peace agreement. Oman and Gulf states will help define the long-term administration of the waterway. The move is a first step toward stabilising oil and container shipping routes that had been disrupted by the conflict.