Iran-US Memorandum Clarifies Hormuz Strait Management Rights Today, Recognizes Fee Collection Authority

According to FARS News, Iran's state-run news agency, the Iran-US memorandum of understanding was modified in its final stage on June 15, explicitly stating that Iran and Oman will jointly exercise management rights over the Hormuz Strait.

The updated text specifies that "future management of maritime shipping services" in the Hormuz Strait will be determined by Iran and Oman together. The use of "maritime shipping services" indicates the U.S. effectively acknowledges Iran's right to collect fees from vessels transiting the waterway, according to a source cited by FARS News.

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