Iran’s big decision: No duty for 60 days on ships passing through the Strait of Hormuz

Tehran, June 19. The Supreme National Security Council (SNSC), Iran’s highest security body, has taken a major decision to ease the movement of all ships passing through the Strait of Hormuz. Now no duty will be charged from these ships for the next 60 days. This step has been taken in line with the recently signed Memorandum of Understanding (MoU) between Tehran and Washington. According to the statement issued in Iranian media, the Iranian government will itself bear all the related expenses during this period.

• Main provisions:

1- Ships must send their request to the Persian Gulf Strait Authority (PGSA).

2- All ships will have to pass through prescribed safe routes only and it will be mandatory to follow the prescribed timings.

3- Traffic will be increased in a controlled manner keeping in mind the security risks.

4- Detailed technical and implementation guidelines will be issued by PGSA.

This announcement comes after the MoU was signed electronically between Iranian President Massoud Pejeshkian and US President Donald Trump.

America’s statement American Vice President JD Vance said on Thursday that the next 60 days will be very important. The economic benefits to Iran will depend on verified actions, not just promises. Vance stressed that the US is trying to turn this temporary agreement into a permanent peace agreement, which would also include discussions on Iran’s nuclear program and regional activities. “This 60-day period has officially started today,” he said.