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Iran says Strait of Hormuz transit needs 48-hour notice under 60-day U.S.-Iran MOU

Iran says Strait of Hormuz transit needs 48-hour notice under 60-day U.S.-Iran MOU

Iran also requires authority-approved insurance for Hormuz passage, free during the 60-day U.S.-Iran memorandum period, while reports say Tehran may later charge fees and is considering Bitcoin settlement.

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Fact Check
Multiple independent sources corroborate every element of the claim. The Bloomingbit/Bloomberg exclusive confirms the PGSA began accepting vessel applications on June 18, 2026 with a 48-hour response/application requirement tied to a US-Iran MoU. USNI News confirms the 60-day US-Iran memorandum and PGSA transit information requirements. Geneva Solutions confirms the June 17 agreement, the Persian Gulf Strait Authority, and 60-day free passage. The original PANews/CCTV report aligns with these. The claim is well-supported.
Summary

Transit through the Strait of Hormuz is beginning to recover after the United States and Iran published a memorandum of understanding on reopening the route during the 2026 war. Iran's Strait authority requires vessels to submit transit applications at least 48 hours before arrival and to hold insurance approved by the authority. That coverage is currently free during the MOU's 60-day period, but Iran said it reserves the right to charge premiums later. A newer report said Tehran is considering future insurance fees and floated a platform that would settle those payments in Bitcoin, while also reporting that Iranian crude flows are rising after the lifting of a U.S. naval blockade. Iranian Deputy Foreign Minister Saeed Khatibzadeh said Tehran will provide navigation services with Oman under international law, waive transit fees during the memorandum period, and later introduce a new channel management mechanism.

Terms & Concepts
  • Strait of Hormuz: A strategic waterway linking the Persian Gulf with the Gulf of Oman and a major route for global energy shipments.
  • memorandum of understanding: A formal but typically nonbinding agreement.
  • Bitcoin-settled platform: A reported proposed payment system using Bitcoin to settle transit- or insurance-related charges.