What does the US-Iran memorandum of understanding say about tolls or fees for vessels transiting the Strait of Hormuz?

The US and Iran signed a memorandum of understanding that guarantees 'safe passage of commercial vessels with no charge' for 60 days, after which it establishes a framework for dialogue between Iran and Oman — joined by other Persian Gulf nations — to define future administration and maritime services in the strait.

How did Vice President JD Vance characterize the US position on potential tolls in the Strait of Hormuz?

Vance stated that the US believes 'international waterways should be free of tolls' but emphasized that the priority is keeping the strait open, noting the MOU envisions Oman, Iran, and the Gulf coast coalition jointly developing a 'proper security framework' to ensure the strait is never again used as a chokepoint for the global economy.

US VP Vance Leaves Shippers Uncertain on Potential Iran Hormuz Tolls

Jun 18, 2026

US Vice President JD Vance avoided confirming details on potential tolls for vessels crossing the Strait of Hormuz under a new 60-day memorandum of understanding with Iran. Oil companies and shippers remain concerned about fees disrupting international maritime law and global energy supply chains.

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2026-06-18

US VP Vance Leaves Shippers Uncertain on Potential Iran Hormuz Tolls

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US VP Vance Leaves Shippers Uncertain on Potential Iran Hormuz Tolls

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