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    MarketForces Africa » Foreign » Iranian Envoy Says Strait of Hormuz Fully Open Without Charges

    Iranian Envoy Says Strait of Hormuz Fully Open Without Charges

    Julius AlagbeBy Julius AlagbeJune 23, 2026 Foreign No Comments2 Mins Read
    Iranian Envoy Says Strait of Hormuz Fully Open Without Charges
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    Iranian Envoy Says Strait of Hormuz Fully Open Without Charges

    Ali Bahreini, Iranian ambassador and permanent representative to the United Nations (UN) Office at Geneva, announced on Tuesday that the Strait of Hormuz is fully open to commercial vessels without tolls.

    Bahreini said that the situation would be reviewed after 60 days, depending on negotiations between Iran and the United States (U.S.).

    Iranian and U.S. negotiators have concluded the first round of talks on implementing the Islamabad Memorandum of Understanding (MoU), which the two sides signed in Switzerland last week.

    Under the MoU, Iranian assets would be unfrozen by the U.S., said Bahreini.

    “Iran is the only country that decides what to do with those assets, and there would be no role for any other country or entity to have a say on how those assets should be used by Iran,” he said.

    Bahreini refuted the U.S. claim that Iran has agreed to invite inspectors from the International Atomic Energy Agency (IAEA) back into the country.

    “No, there hasn’t been such a decision or even such a discussion,” said Bahreini, noting that discussions on Iranian nuclear activities are for the next stage.

    “Therefore, any information provided by different sources about the possibility of allowing inspectors to come to Iran is incorrect,” said Bahreini. #Iranian Envoy Says Strait of Hormuz Fully Open Without Charges#

    Strait of Hormuz: Transit May  Take ‘Weeks’ to Resume

    Strait of Hormuz
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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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