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Iran Announces Strait of Hormuz Traffic Management Mechanism, Details Coming Soon

GateNews
Commodities

According to Jin10, Iran’s parliamentary national security committee announced on May 16 that the country has prepared a mechanism to manage Strait of Hormuz traffic along designated shipping lanes, with details to be disclosed shortly. Under the scheme, only commercial vessels and entities cooperating with Iran will benefit. Fees will be charged to cover professional services provided, while the passage will remain closed to operators of certain unspecified programs.

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