US President Donald Trump stated on Wednesday that he has received assurances from Iran that no tolls, insurance costs, or other charges will be levied on vessels transiting the Strait of Hormuz.
The claim, reported by multiple wire services, marks a significant shift in rhetoric regarding one of the world’s most critical energy chokepoints, where tensions have previously driven up shipping costs and insurance premiums.
The assertion comes as global oil markets show signs of easing pressure.
Brent crude and WTI have slid toward four-month lows, reflecting a reduction in the risk premium associated with potential disruptions in the Gulf.
Tanker movements through the strait have reportedly eased, suggesting that the threat of transit fees or blockades is receding from immediate market concerns.
For traders and logistics operators, the removal of potential tolls and insurance surcharges could lower the cost of energy transport significantly.