Will Iran levy Strait of Hormuz $2 million toll on tankers? Here's what we know
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Iran and the US have agreed to a ceasefire, potentially reopening the Strait of Hormuz to over 800 trapped vessels. The agreement's details, including transit payments and the truce's effectiveness, remain uncertain, with shipowners awaiting clarification before resuming operations.
A US-Iran ceasefire may temporarily unblock the Strait of Hormuz, allowing over 800 vessels to exit the Persian Gulf. The vital waterway has been closed since US and Israeli strikes in February. Iran has agreed to two weeks of safe passage, but details on transit payments and the truce's effectiveness are unclear. Shipowners are cautiously optimistic, with the Japanese Shipowners' Association checking the agreement's details. Over 1,000 vessels are waiting on both sides of the strait, with the first two ships attempting an exit on Wednesday morning.
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