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The two-week ceasefire with the US includes fee collection by Iran and Oman for Strait passage.
New Delhi,UPDATED: Apr 8, 2026 08:08 IST
The two-week ceasefire plan between the US and Iran includes a provision allowing both Iran and Oman to levy transit fees on ships passing through the Strait of Hormuz, the narrow mouth of the Persian Gulf that facilitates roughly one-fifth of global oil trade, news agency AP reported.
The strait lies within the territorial waters of both Oman and Iran and has been considered an international waterway, with no tolls levied by either country in the past.
Tehran officials, according to AP, said Iran would use the funds for post-war reconstruction, as the conflict has caused widespread destruction to the country’s defence, administrative, and civilian infrastructure.
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Published On:
Apr 8, 2026 08:08 IST
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