Article #55515

As US lifts its blockade, Tehran says fees to cover cost of managing waterway will come into effect at end of 60-day negotiation period

Iran has announced plans to introduce a system of maritime fees in the strait of Hormuz in two months, after the 60-day period of negotiation that has been triggered by the signing of the memorandum of understanding.

Tehran, claiming a historic victory over the US, said the strait was under its control and a European plan for a naval mission to escort ships though the strait would not be welcome. The US on Thursday lifted its blockade of Iran, and oil tankers began freely moving through the critical channel.