Iran has implemented a daily cap of ten vessels for passage through the Strait of Hormuz, according to reports from April 11.
The measure is part of an agreement reached between Iran and the United States to regulate traffic in the vital oil corridor. Under terms of the deal, Iranian authorities will charge fees for transit, with estimates indicating a fee of $2 million.
Shipowners from multiple nations are currently negotiating with Iran’s Islamic Revolutionary Guard Corps (IRGC) on protocols for permitted vessels. These ships must travel strictly along pre-designated routes and submit all required documentation in advance.
The decision follows indications that Iranian authorities may partially open the Strait of Hormuz next week ahead of negotiations between U.S. representatives and officials in Islamabad, as reported on April 8.
On April 9, Donald Trump stated that Iran had “allegedly unsatisfactorily and unfairly fulfilled” its obligations to ensure free passage for ships through the strait.
