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No Longer Free: Iran's Bold Move On The Strait Of Hormuz And What’s Inside The Historic MoU

While Iran celebrates the virtual MoU as a historic win and plans to levy navigation fees in the Strait of Hormuz, US Vice President JD Vance emphasized that a toll-free strait and nuclear verification processes are still being finalized ahead of the Geneva summit.

Uday Raj Singh
Edited By: Uday Raj Singh
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No Longer Free: Iran's Bold Move on the Strait of Hormuz and What’s Inside the Historic MoU (AI Image)

Washington: Iran and USA signed an MoU virtually, but the formal meeting will be in Geneva. As per reports, memorandum includes several terms and conditions in whichg both the sides have agreed. 

What Ismail Bagai had said earlier?

According to Ismail Bagai, this is an historic win of Iranians. Last year, the actions of USA and Israel had not allowed the situation to sit on a plane. Now, both the nations will came onto the written negotiation letter.

But Iran will not forget the 12 days of war, fought between the nations, USA and Iran.

What Iran would get?

According to Iran, the fees will be charged from the ships, that will be passing through the Strait. Noting that, lakhs of barrel of crude oil passing via Strait of Hormuz. Iran is now considering to execute navigation charges, insurance fees, and environmental protection services fees, reportedly mentioned in the memorandum.

What about nuclear issues and restrictions?

Reportedly, there's no mention of Iran's nuclear mission and restrictions. The terms and conditions only limited to current situation. Reportedly this is an initiation of MoU, the real outcome will be levied in upcoming  two months.

What JD vance had said?

In an media interview, US Vice President JD Vance stated that there will be a "two-step verification process' regarding Iran's nuclear program. The US wants the Strait of Hormuz to remain open without a toll. Many things are yet to be finalized. The Speaker of the House, Foreign Minister, and other senior leaders of Iran will participate in the signing ceremony."

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