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International Trade Security

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Iran to launch paid, restricted routing for Strait of Hormuz traffic
middle-east10 days ago

Iran to launch paid, restricted routing for Strait of Hormuz traffic

Iran says it will unveil a designated routing mechanism for Strait of Hormuz traffic, offering specialized paid services to commercial vessels and excluding operators tied to the US 'Project Freedom'; Tehran frames the move as ensuring international trade security, while the US contemplates reviving Freedom but has not decided.