Iran to Administer Strait of Hormuz, Chief Negotiator Says

Iran's chief negotiator, Mohammad Bagher Ghalibaf, declared that the Strait of Hormuz will be managed by Iran and will not revert to its pre-war state. He asserted that while international rules will be observed, Iran will ultimately administer the crucial waterway.

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Everyone must know that the administration of the Strait of Hormuz will never return to what it was before the war.

This statement follows Iran's intention to implement a maritime toll system for vessels passing through the Strait of Hormuz. This measure is expected to be introduced in approximately two months, after a 60-day negotiation period stemming from a memorandum signed with the United States.

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Of course, international rules will be respected, but Iran will administer the Strait of Hormuz.

Despite the potential for new tolls, Iran's economy minister, Seyed Ali Madanizadeh, cautioned against expecting a rapid economic recovery. He noted that oil revenues remain impacted and budgetary imbalances persist, indicating that a return to normalcy is not imminent.

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It is not as if everything will simply return to normal.