Iran Promises Special Hormuz Treatment For Friends & Allies

Iran has announced plans to charge service fees for vessels transiting the Strait of Hormuz, with 'special considerations' for China and allied nations, while a 60-day fee-free window under a US-Iran interim peace agreement is currently in effect. The future fee structure and management arrangements — being developed jointly with Oman — introduce significant uncertainty for shipping routes handling one-fifth of global oil and gas supplies.