Iran has said it will begin charging commercial ships crossing the Strait of Hormuz after a 60-day toll-free period agreed under a new US-Iran memorandum.
The disagreement comes as Iranian officials reject Washington’s version of the deal, calling it a setback for the US and saying the Strait of Hormuz will not return to pre-conflict conditions.
The difference in views has raised doubts over how the agreement will actually be carried out, even though markets reacted positively at first.
The Strait of Hormuz is a key route for global oil shipments. Any change in how it is managed affects oil trade, shipping costs, and insurance decisions worldwide.
Iranian Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf said on state television that the agreement should not be seen as a success for Washington.
“The agreement is a record of US failure. People will see it and judge,” he
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