Image for representation purposes only The Strait of Hormuz will reopen, but under new conditions laid down by Iran and Oman, including the imposition of a transit fee for ships wanting to pass through the strategic waterway, Iran’s ambassador to Moscow said. The US-Iran war has largely impacted global maritime trade of oil and natural gas, a fifth of which usually passed through the strait before the conflict began in February. However, many oil tankers left the Gulf region recently, some after coordinating with Iran and others after contacting the U.S. Navy for advice regarding safe routes to sail past the Iranian Navy. “Of course, this strait will be open, but with new conditions to be determined by the Iranian and Omani authorities,” Ambassador Kazem Jalali told Russian newspaper Izvestia in an interview published on June 8. “We understand that Iran and Oman provide certain services related to this strait. And fees will be charged for those services,” he said without going into details about the services. Iran has stated that a permanent peace negotiation has to ensure that it gets a transit fee for vessels passing through the Strait of Hormuz, whose waters border Oman and Iran. The fee, according to sources, would vary depending on the type of vessel, its cargo and other economic factors. However, U.S President Donald Trump has opposed this demand, and warned Oman not to coordinate with Iran over any toll fee. In late May, Treasury Secretary Scott Bessent had said that Oman’s ambassador had told him there were no plans to impose such a fee. Japan, which bought 95% of its oil from the Middle East before the US-Iran war, said that it did not pay any transit fee to Iran recently when one of its crude oil tankers passed through the Hormuz in May.