No Result
View All Result
  • Login
Monday, August 3, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

Iran to prioritise Strait of Hormuz passage for vessels that pay fees

by theadvisertimes.com
4 months ago
in Business
Reading Time: 2 mins read
A A
0
Iran to prioritise Strait of Hormuz passage for vessels that pay fees
Share on FacebookShare on TwitterShare on LInkedIn


Tehran: Iran will prioritise vessels that agree to pay fees for crossing the strategic Strait of Hormuz, a senior Iranian official told CNN on Saturday, amid new restrictions imposed by Tehran on maritime traffic through the vital shipping lane, CNN reported.

“Given the limitation on the number of vessels that will be allowed to pass, Iran has decided to give priority to those vessels that respond more quickly to the new Strait of Hormuz protocols and pay the costs of security and safety services,” the official said, according to CNN.”Vessels that do not pay the fees will have their passage postponed,” the official added, as per CNN.

The move comes after Iran reimposed restrictions on ship movements through the Strait of Hormuz, citing what it described as “repeated breaches of trust” by the United States in the implementation of a ceasefire agreement between the two sides, as reported by CNN.

According to CNN, the senior official said the prioritisation measure is part of Iran’s efforts to manage maritime traffic “in light of the new order governing this strait.”

Live Events

Iran on Saturday announced that the strategic Strait of Hormuz has reverted to its “previous state” of strict military control, as it was before the ceasefire deal with Israel and Lebanon, citing violations by the United States under its continued blockade of Iranian ports, despite Tehran earlier announcing the reopening of the waterway. According to the Iranian state media, Islamic Republic of Iran Broadcasting (IRIB), citing the spokesperson for Iran’s Central Headquarters of the Holy Prophet (PBUH), Tehran had earlier agreed, in good faith, to allow limited and managed passage of oil tankers and commercial vessels through the strategic strait following negotiations. However, the spokesperson stated that the United States repeatedly breached commitments and engaged in “piracy and banditry” under the pretext of enforcing a blockade over the ports of the Islamic Republic.

“Following previous agreements in negotiations, the Islamic Republic of Iran agreed in good faith to allow a limited number of oil tankers and commercial ships to pass through the Strait of Hormuz in a managed manner. Unfortunately, the Americans, with their repeated record of breach of promise, continue to engage in piracy and banditry under the guise of a so-called blockade,” the statement read, as quoted by IRIB.

The spokesperson further declared that control over the Strait has now been tightened, with the waterway placed under the “strict management and control” of Iran’s armed forces.

“For this reason, control of the Strait of Hormuz has returned to its previous state, and this strategic strait is under the strict management and control of the armed forces,” the statement added.

The statement further stated that the current situation would persist unless Washington ensures what Iran described as “complete freedom of movement” for Iranian vessels.



Source link

Tags: FeesHormuzIranPassagePayprioritiseStraitvessels
ShareTweetShare
Previous Post

Digital Currency ‘De-Risking’: Why Your Bank May Suddenly Freeze Transfers to Your Crypto-Holding Heirs

Next Post

Better Buy: Bitcoin (BTC) or Bittensor (TAO)?

Related Posts

Palantir CEO Alex Karp celebrates 93% revenue growth as stock jumps after blockbuster earnings

Palantir CEO Alex Karp celebrates 93% revenue growth as stock jumps after blockbuster earnings

by theadvisertimes.com
August 3, 2026
0

When it was Alex Karp‘s turn to speak on Palantir’s second-quarter earnings call Monday evening, the CEO could barely contain...

Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

by theadvisertimes.com
August 3, 2026
0

Palantir blew past Wall Street’s financial targets in its second quarter and forecast strong growth in the coming months, sending...

Salesforce Remains Down But Turning Positive: 100%+ Returns Lie Ahead According to This Analyst

Salesforce Remains Down But Turning Positive: 100%+ Returns Lie Ahead According to This Analyst

by theadvisertimes.com
August 3, 2026
0

Quick Read Needham's Scott Berg carries a $400 price target on CRM, implying 117% upside, anchored by Agentforce ARR growing...

Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion

Kansai Nerolac Q1 profit rises 5%; approves Rs 601 crore capacity expansion

by theadvisertimes.com
August 3, 2026
0

Kansai Nerolac Paints reported a more than 5% rise in consolidated net profit for the June quarter, aided by healthy...

Former Mossad chief appointed Ondas president

Former Mossad chief appointed Ondas president

by theadvisertimes.com
August 3, 2026
0

US company Ondas (Nasdaq: ONDS) today announced that David Barnea, the former head of Israel’s Mossad intelligence agency has...

Liberty Lifestyle: Youth Sports Burnout

Liberty Lifestyle: Youth Sports Burnout

by theadvisertimes.com
August 3, 2026
0

Organized sports are a major part of childhood in the United States, attracting tens of millions of children annually. Over...

Next Post
Better Buy: Bitcoin (BTC) or Bittensor (TAO)?

Better Buy: Bitcoin (BTC) or Bittensor (TAO)?

The Hidden Backlogs Making Social Security Office Visits Tougher Right Now

The Hidden Backlogs Making Social Security Office Visits Tougher Right Now

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The 22 Largest US Funding Rounds of May 2026 – AlleyWatch

The 22 Largest US Funding Rounds of May 2026 – AlleyWatch

June 30, 2026
Palantir CEO Alex Karp celebrates 93% revenue growth as stock jumps after blockbuster earnings

Palantir CEO Alex Karp celebrates 93% revenue growth as stock jumps after blockbuster earnings

0
Cheap Media Voyeurism Feeds Surveillance Culture Tyranny

Cheap Media Voyeurism Feeds Surveillance Culture Tyranny

0
California’s diesel prices have jumped since the Iran war started, with ripple effects across the country

California’s diesel prices have jumped since the Iran war started, with ripple effects across the country

0
Backpack Exchange Lists TRX Spot And Perpetual Markets

Backpack Exchange Lists TRX Spot And Perpetual Markets

0
The 7 Largest NYC Tech Startup Funding Rounds of July 2026 – AlleyWatch

The 7 Largest NYC Tech Startup Funding Rounds of July 2026 – AlleyWatch

0
channel partner incentive programs

channel partner incentive programs

0
Palantir CEO Alex Karp celebrates 93% revenue growth as stock jumps after blockbuster earnings

Palantir CEO Alex Karp celebrates 93% revenue growth as stock jumps after blockbuster earnings

August 3, 2026
Market Talk – August 3, 2026

Market Talk – August 3, 2026

August 3, 2026
5 Home-Energy Assistance Documents Seniors May Need Before Applications Open

5 Home-Energy Assistance Documents Seniors May Need Before Applications Open

August 3, 2026
As PE crowds out RIA buyers, here’s what sellers need to know

As PE crowds out RIA buyers, here’s what sellers need to know

August 3, 2026
Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

Palantir crushes earnings as AI demand sends revenue soaring 93% and prompts another guidance hike

August 3, 2026
Trump Says Exxon and Chevron Profited Too Much During Iran War Oil Spike

Trump Says Exxon and Chevron Profited Too Much During Iran War Oil Spike

August 3, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Palantir CEO Alex Karp celebrates 93% revenue growth as stock jumps after blockbuster earnings
  • Market Talk – August 3, 2026
  • 5 Home-Energy Assistance Documents Seniors May Need Before Applications Open
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.