
Some Peace Deal: Iran Now Charges for Permits and Insurance to Use the Strait
We really won this war, didn’t we? After our agreeing to an Iranian-mandated ceasefire in the form of a memorandum of understanding (MOU), Iran is now requiring ships transiting the Strait of Hormuz to obtain a permit and insurance from the Islamic Republic. Hmmmm…passage was free prior to February 28 and our bombing campaign on Iran. Now, ships have to pay? Not only that, but Iran is refusing to continue negotiations for a nuclear deal, citing Israel’s belligerence toward Hezbollah. No doubt part of a tactic to string the U.S. along in negotiations until we just give up, or Trump is succeeded by a Demofiend president willing to accept anything. Here’s what’s going on with the Strait: Iran now requires all commercial vessels transiting the Strait of Hormuz to obtain prior passage permits and use Iranian-approved insurance. Issued by the newly established Persian Gulf Strait Authority (PGSA), these rules stem from the recent US-Iran interim peace deal to restore maritime navigation. Also, passage must occur only on lanes designated by Iran rather than the internationally recognized Traffic Separation Scheme, as before. Here’s the good news: Fees are on hold while the 60-day negotiating window is open. Get those ships moving
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