Iran temporarily waived the 10 percent fee for fuel tankers

**Iran temporarily waives 10 percent fee for fuel-carrying vessels**

Iran has temporarily waived the 10 percent levy on oil and gas transportation for foreign vessels. This decision applies to vessels carrying oil, gas, and liquid fuel products exported from or imported into the country.

Due to the US maritime blockade, Iran's process of exporting oil by sea had been seriously disrupted. According to the Fars news agency, the vice president for legal affairs ordered the temporary suspension of this levy. The restriction will remain in effect until the government approves and publishes the list of products to which this levy applies.

According to the agency, the 10 percent fee had driven up the costs of transporting oil, gas, and liquid products. The waiver of the levy will reduce transport costs. In addition, this will encourage foreign vessels to bring cargo into and carry cargo out of Iran.

In June, US President Donald Trump said that a fee could be charged for passing through the Strait of Hormuz. The head of the White House stated that he would implement this if the deal with Iran failed.

"During the 60-day ceasefire period, no fees will be charged in the Strait of Hormuz. If the deal is not fully finalized, there will be no fees after this 60-day period, except for levies that may be imposed by and in the interest of the US for services rendered as a 'guardian angel' to Middle Eastern countries to cover past, present, and future costs," Trump wrote on the Truth Social network at the time.

In July, the US President backed down from the idea of imposing a 20 percent tax on vessels passing through Hormuz. He abandoned this idea after negotiations with Middle Eastern leaders. Instead of paying duties, the Persian Gulf states were planned to sign investment agreements with Washington.