Iran's Supreme National Security Council announced that no fees will be charged for passage through the Strait of Hormuz for 60 days.
The statement noted that the Persian Gulf Waterway Authority has been instructed to process applications quickly and with priority. This step was taken to achieve the objectives of the memorandum of understanding.
Officials emphasized that there are some security risks along the route and highlighted the importance of ensuring safe maritime traffic. It was stated that ships passing through the notified route and time will help gradually increase traffic.
Regulations and technical details regarding the passage will be announced later by the Persian Gulf Waterway Authority.
The statement also mentioned that necessary steps will be taken under Article 5 of the Islamabad Memorandum of Understanding concerning other issues such as mine clearance.