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Iran: Mechanisms ready to manage Strait of Hormuz, details to be announced soon
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On May 16, according to Jinshi, the head of the Iranian Parliament's National Security Committee announced: Iran has prepared a mechanism to manage traffic in the Strait of Hormuz along designated routes, and relevant details will be announced soon. In this process, only commercial vessels and parties cooperating with Iran will benefit. Necessary fees will be charged to pay for the professional services provided under this mechanism. The passage will remain closed to operators of the "Freedom Plan".