Iran intends to allow no more than a dozen ships through the Strait of Hormuz, with fees potentially reaching up to $2 million per supertanker, the Wall Street Journal reported.
Iranian soldiers patrol the Strait of Hormuz in southern Iran on April 30, 2019. The waterway carries about 20% of global oil supply and remains a key global energy chokepoint. (Photo: Xinhua/IANS)
Iran intends to allow no more than a dozen ships through the Strait of Hormuz, with fees potentially reaching up to $2 million per supertanker, the Wall Street Journal reported.
According to the newspaper, shipowners from several countries are negotiating with the Islamic Revolutionary Guard Corps (IRGC) to transit the Strait of Hormuz.
The few ships crossing the strait must travel along specially designated routes and obtain the necessary permits, the publication said.
On Wednesday night, US President Donald Trump announced an agreement with Iran on a two-week ceasefire. Iranian Foreign Minister Abbas Araghchi later announced the opening of the Strait of Hormuz, which accounts for approximately 20% of the world’s oil, petroleum products, and LNG supplies.
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