🚨 JUST IN: Iran Grants Russia Exemption From Strait of Hormuz Transit Fees
Authorities in Iran have granted special exemptions to Russia and other “friendly” nations from newly introduced transit fees for ships crossing the strategic Strait of Hormuz. The policy comes as Iran begins charging other vessels for passage, citing security costs and wartime conditions in the region.
The move highlights deepening geopolitical alignment between Iran and Russia and signals that access to the Strait — through which roughly one-fifth of global oil flows — is increasingly being used as economic and diplomatic leverage during ongoing regional tensions.
Source: Reuters / international wire services