Historic agreement between America and Iran, will ships passing through the Strait of Hormuz have to pay toll tax?
A very historic news has come out, giving great relief to the world economy and global trade. A historic peace agreement has been signed on Thursday to end forever the fierce conflict, tension and war situation that has been going on for the last several months between America and Iran. The main objective of this very important agreement is to extend the period of ceasefire between the two superpowers and to restart the smooth movement of commercial ships through the Strait of Hormuz, the most important route for international trade. After this grand deal, the biggest question now arising among the commodity markets and shipping companies around the world is whether commercial ships will have to pay any toll or fee to pass through the Strait of Hormuz or not? The rules regarding this matter are completely clear.
What is the new rule for ships passing through Hormuz? In the official statement issued by the Supreme National Security Council of Iran, very clear things have been said regarding the new administration of the Strait of Hormuz. This arrangement will remain in full force at least for the next 60 days before the final agreement is signed. It has been made clear in this agreement that ships of any country passing through Hormuz will not have to pay any toll tax or fees. This entire arrangement has been decided under clause number five of the new Memorandum of Understanding (MoU) signed between the two countries.
According to the new rules, even though ships will not have to pay any financial payment or fees to pass through Hormuz, they will have to adopt a new route for security reasons. From now on all ships will be directed to this route To go through, an official request will have to be sent to the new administration named 'Persian Gulf Strait Administration'. This new administration has been entrusted with the entire responsibility of processing all those requests, providing proper guidance to ships at sea and giving necessary clearances to cross the strait safely. From the first day of implementation of this agreement, Iran is clearly declaring its strategic leverage and control over the Strait of Hormuz. What was decided in the Iran-America conflict?
US President Donald Trump and Iranian President Masoud Pezeshkian have signed a comprehensive 14-point agreement during this historic meeting. Taking a very big decision under this agreement, all the old economic and trade sanctions imposed on Iran have been completely removed. This simply means that Iran can now sell its crude oil to any country in the world without any restriction. Along with this, under this agreement, Iran will get back its restricted assets worth billions of dollars frozen abroad and the way has also been cleared for getting huge funding of 300 billion dollars for the development of the country. Trump was desperate about the deal… Shocking statement of Iran's Supreme Leader
Immediately after this historic peace agreement, a very sensational and shocking statement of Iran's Supreme Leader Mojtaba Khamenei has come to light. Commenting on this deal, Mujtaba Khamenei said that US President Donald Trump was very 'desperate' to conclude this peace agreement. With his statement, he has tried to set the narrative that Iran did not sign this agreement for any reason. Not under pressure, but on my own terms.
Those 14 big points of Iran-US agreement, which changed the geopolitics of the world
1. America and Iran have signed this historic memorandum agreement so that the ongoing military operations on all active fronts including Lebanon can be ended immediately and forever. Both countries have promised that from now on they will not start any new war or military operation against each other, nor will they threaten or use force against each other. Along with this, the unity and sovereignty of Lebanon will be ensured at all costs. 2. Both countries will wholeheartedly respect each other's sovereignty and territorial integrity while following international rules and will completely avoid any kind of interference in each other's internal and domestic affairs.
3. America and Iran have taken a big pledge that they will complete the negotiation process and prepare a final deal within a maximum of 60 days from today. However, if necessary, this time limit can be extended further with mutual consent. 4. Immediately after the signing of this historic agreement, America will start removing its naval blockade and any other obstruction in the sea against Iran. A maximum time of 30 days has been set to remove this entire blockade of the US Navy. During this period, the movement of ships on the sea route will be restored in a phased manner and will be maintained at the same level as it was operated by Iran before the outbreak of the war.
5. Regarding the security of the commercial route, Iran has promised that it will protect it from the Persian Gulf to the Sea of Oman. It will make every possible effort to ensure safe movement of commercial vessels. This movement of ships will be started with immediate effect. Apart from this, Iran will completely clear the dangerous landmines laid in the sea within the next 30 days. Iran will initiate bilateral negotiations with the country of Oman to determine the full structure of future administrative and maritime services in Hormuz.
6. America is taking a big step to accelerate the pace of Iran's reconstruction and its economic development. America, along with its regional partner countries, is preparing a big and mutually agreed plan of at least $300 billion. The full implementation of this massive economic plan on the ground will be decided as part of the final deal to be signed within the next 60 days. For this big transaction, all the necessary licenses, legal exemptions and administrative permissions will be issued by America itself.
7. In a big relief to Iran on the global stage, America has promised that it will completely eliminate all the stringent sanctions imposed against Iran, including the old resolutions passed by the United Nations Security Council (UNSC). 8. Under this agreement, Iran has once again assured the world that it will never make nuclear weapons in the future. In return, both sides will sit around the table and discuss in detail other important nuclear issues, including the future of Iran's Uranium Enrichment Programme, its existing stock of enriched nuclear material and Iran's civil nuclear energy needs. In this final agreement a A strong cooperation framework will also be included.
9. Until the final deal is finalized between the two countries, America and Iran have completely agreed to maintain the current status quo. Under this, Iran will freeze the current status of its nuclear program and America will not impose any new economic sanctions on Iran during this period. Along with this, America will not send additional troops to Iran's borders or its territory. 10. The US Government has given great assurance that for the period between immediately after the signing of this agreement and the complete lifting of sanctions, the US Treasury Department (US Treasury) will issue special exemptions for the export of Iranian crude oil, petroleum products and their derivatives. Along with this, rules will also be relaxed for all essential financial services including banking transactions, insurance and movement of ships so that Iran's trade is not affected.
11. America has promised that as soon as this agreement comes into force, it will completely release all the funds and assets of Iran frozen (seized) or withheld in international banks around the world for use. During the upcoming talks, America and Iran will reach a consensus on the entire legal process related to the safe release of these funds. 12. Both countries have fully agreed that a strong Joint Executive System will be formed to successfully implement this interim agreement on the ground and to keep a close watch on compliance with the rules of the future final deal.
13. After this Agreement is signed by both the parties and this MoU The US and Iran will begin their next negotiations for a final deal on the remaining paragraphs only after key paragraphs 1, 4, 5, 10, and 11 come into force. 14. To make this entire peace process and the final deal completely legally binding and secure, official approval will be given through a binding resolution of the United Nations Security Council (UNSC), so that no country can back out of this agreement in the future.
