Iran is working toward a deal that would represent one of its most significant diplomatic gains and one of the biggest concessions granted to the country.
Under a current draft agreement, Tehran would be granted oversight of ships entering the Persian Gulf. However, the draft specifies that Iran would not be permitted to levy tolls or service fees.
Despite the draft, disagreements continue to stand in the way of a final agreement, particularly regarding shipping control and transit fees. A senior Iranian official stated that Iran is seeking fees between 5% and 7% of the price of cargoes from ships using the strait.
These demands mark a departure from the situation before the war, when the strait remained freely open to all ships with no fees.