Iran: Ready to implement mechanisms for managing the Strait of Hormuz, details to be announced soon

Golden Ten Data, May 16 — The head of the Iranian Parliament's National Security Committee stated that Iran has prepared a mechanism to manage traffic in the Strait of Hormuz along designated routes, with relevant details to be announced soon. In this process, only commercial vessels and parties cooperating with Iran will be able to benefit. Necessary fees will be charged to cover professional services provided under this mechanism. The passage will remain closed to operators of the "Freedom Initiative."