Iran has announced a temporary waiver of transit fees for ships passing through the Strait of Hormuz during a 60-day negotiation period linked to a recent memorandum of understanding with the United States. The decision is aimed at facilitating smoother maritime movement as interim diplomatic arrangements take effect. The move is expected to ease shipping […]
maritime trade Hormuz
Hormuz oil flows resume after deal
Iran and the United States agreement has led to the resumption of oil shipments and maritime traffic through the Strait of Hormuz, according to international media reports. The development marks a significant easing of tensions in a key global energy route. The reopening is expected to stabilize oil supply chains and restore confidence in global […]