Iran-U.S. Memorandum Clarifies Hormuz Strait Management Rights on June 15

According to Iran's FARS news agency on June 15, the Iran-U.S. memorandum of understanding underwent final revisions that explicitly clarify Iran and Oman's management authority over the Hormuz Strait. The updated text specifies that "future management of maritime shipping services" in the strait will be jointly determined by Iran and Oman. The use of the term "maritime shipping services" signals U.S. acknowledgment of Iran's right to collect fees from passing vessels.
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