Pakistan says Iran will keep Strait of Hormuz open for 60 days

Iran said the Strait of Hormuz remains fully open to merchant shipping, while Pakistan Foreign Minister Dar said Tehran would not block ships or charge transit or service fees during a 60-day period.

Summary

Iran said the Strait of Hormuz remains fully open to merchant shipping, according to a June 23 market update. Separately, Pakistan Foreign Minister Dar said at a four-party meeting involving Egypt, Turkey, Saudi Arabia, and Pakistan that Tehran would neither block shipping nor impose transit or service fees for 60 days. Dar also said Pakistan helped bring the United States and Iran together for talks for the first time in 47 years, with three technical teams discussing nuclear issues, frozen funds, and Lebanon.

Terms & Concepts
  • Strait of Hormuz: Key oil and commercial shipping chokepoint linking the Gulf to open sea
  • transit or service fees: Charges imposed for passage through a route or for related shipping services
  • technical teams: Specialized negotiating groups handling detailed issues in diplomatic talks