President Donald Trump stated on Wednesday that Iran has assured the United States there will be no tolls, insurance costs, or other charges for vessels transiting the Strait of Hormuz.
The assertion, reported by CNBC, addresses a primary concern for global energy markets regarding the potential monetization of transit risks in the world's most critical oil chokepoint.
The claim directly targets the cost structure for shipping through the corridor.
If verified, the absence of tolls and elevated insurance premiums would significantly lower the friction costs for crude and LNG shipments, supporting stability in freight rates and energy prices.
Markets have been closely monitoring the Strait for signs of disruption or new financial barriers following recent geopolitical tensions.
This development follows reports of a UN evacuation scheme seeing its first ships transit the Strait of Hormuz, suggesting a gradual normalization of operations in the region.