Media: Iran will not demand payment for passage through the Strait of Hormuz for 60 days

Iran has granted a 60-day reprieve during further negotiations with the US, during which period Tehran will not demand payment for services ensuring safe passage through the Strait of Hormuz.

This was reported by the Fars news agency citing a source.

According to the source, after these 60 days expire, Iran intends to provide services in the areas of security, navigation, environmental protection, and insurance in order to use the financial revenues from commercial vessel traffic in the strait for the country's economic development. These services will be provided to vessels by both Iran and Oman, the agency's source added.

Earlier, officials from the US, Iran, and Pakistan, which is acting as a mediator, confirmed the reaching of an agreement between Washington and Tehran. It is planned to be signed in Geneva on June 19. According to Iranian Deputy Foreign Minister Kazem Gharibabadi, during the 60-day truce the parties will discuss, among other things, Tehran's nuclear program, and starting from June 15, the end of the US naval blockade of Iran will be announced, as well as an immediate and permanent cessation of military operations on all fronts, including Lebanon.