Iranian Official Says Hormuz to Reopen with New Toll Regime
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The Strait of Hormuz will ultimately reopen but Iran and Oman will set new conditions for passage, including transit fees, Kazem Jalali, Iran’s Ambassador to Russia, told Russian daily Izvestia in an interview on Monday. “Of course, this strait will be open, but with new conditions to be determined by the Iranian and Omani authorities,” Reuters quoted Jalali as telling the Russian newspaper. “We understand that Iran and Oman provide certain services related to this strait. And fees will be charged for those services,”…
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Original article published by OilPrice.com on June 8, 2026. Analysis and insights provided by AnalystMarkets AI.
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