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BREAKING: 🇮🇷 Iran has prepared a "Professional Mechanism" to manage traffic in the Strait of Hormuz. In this process, only commercial vessels and those cooperating with Iran will benefit. Fees will be charged for passage and route will be closed for countries involved in the "Freedom Project."

BREAKING: Iran says it has prepared a "professional mechanism" to manage traffic and impose fees in the Strait of Hormuz and it will be "unveiled soon." Details include: 1. Iran says this system is "within the framework of its national sovereignty" 2. Under the new system, vessels will be directed along a designated route 3. Iran says "only commercial vessels and parties cooperating with Iran will benefit from it" 4. There will be fees imposed for vessels who wish to transit safely 5. The Strait of Hormuz will "remain closed to the operators of Project Freedom" Iran appears to be proceeding with their Hormuz toll system.

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