No Result
View All Result
  • Login
Wednesday, August 26, 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

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

by theadvisertimes.com
August 8, 2026
0

According to average rates from the Zillow lender marketplace, mortgage rates are mixed heading into the weekend compared to Friday....

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

by theadvisertimes.com
August 8, 2026
0

Return-to-office mandates are just a blip; Setting your alarm before sunrise and standing shoulder-to-shoulder on a packed train, just to...

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

by theadvisertimes.com
August 8, 2026
0

The Indian stock markets closed in the red, with the newly-launched closing auction session continuing to create a divergence among...

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

by theadvisertimes.com
August 8, 2026
0

India’s financial stocks are entering a more selective phase, where the strength of a lender’s deposit franchise, underwriting discipline and...

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

by theadvisertimes.com
August 7, 2026
0

The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the...

Ondo Perps hits  billion in volume weeks after launch

Ondo Perps hits $7 billion in volume weeks after launch

by theadvisertimes.com
August 7, 2026
0

Ondo Finance's derivatives platform has raced past $7 billion in cumulative trading volume, according to data from analytics site DefiLlama,...

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
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

August 7, 2026
Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

August 3, 2026
The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

July 27, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
Kellogg’s Back to School Snacks Instant Savings: Save  off  Purchase + Deal Scenario!

Kellogg’s Back to School Snacks Instant Savings: Save $10 off $35 Purchase + Deal Scenario!

August 6, 2026
CVS Deals Under  This Week

CVS Deals Under $1 This Week

July 27, 2026
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

0
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

0
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

0
The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

0
Bezeq declares NIS 515m dividend

Bezeq declares NIS 515m dividend

0
AI Will Clarify What Asset Managers Are Paid For

AI Will Clarify What Asset Managers Are Paid For

0
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

August 8, 2026
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

August 8, 2026
Bitcoin outlook: ,000 or ,000 this weekend

Bitcoin outlook: $70,000 or $60,000 this weekend

August 8, 2026
Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

August 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

August 8, 2026
F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

August 8, 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

  • XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push
  • Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak
  • Bitcoin outlook: $70,000 or $60,000 this weekend
  • 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.