Iran to charge fees and coordinate safe passage through Strait of Hormuz amid ceasefire

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Iran said Tuesday it would guarantee the safe passage of ships through the Strait of Hormuz with Iranian military coordination as part of its two-week ceasefire with the United States and Israel.

Iranian Foreign Minister Abbas Araghchi made the announcement in a statement on behalf of the Supreme National Security Council minutes after President Donald Trump said the U.S. agreed to the two-week cessation of hostilities. A regional official said Iran and Oman would also charge vessels for transit, with Iran to use this money for reconstruction.

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