TEHRAN, June 19 (Xinhua) -- Iran said on Friday it will waive Strait of Hormuz transition fees during a 60-day negotiation period with the United States following the signing of the memorandum of understanding (MoU).

This photo taken with a mobile phone shows merchant vessels stranded in the waters of the Strait of Hormuz, near Khasab, a small town in northern Oman, May 29, 2026. (Photo: Xinhua)

Iran's Persian Gulf Strait Authority said that, in light of the MoU, passage through the Strait of Hormuz will be granted to vessels that submit requests in compliance with the necessary requirements.