The Economic Times

Iran suspends freight charge on foreign vessels carrying energy products to or from Iran

Iran has temporarily halted a ten percent charge on freight fees for foreign ships. This suspension applies to oil, gas, and liquid petroleum products being imported or exported. The presidential legal deputy ordered the collection to cease until official product lists are published. A US naval blockade has significantly disrupted the country's seaborne oil exports. The charge had previously increased the cost of transporting these vital energy products.