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📍 Iran allows all vessels passing through Hormuz except the United States and Israel.
All merchant vessels are permitted to pass through (except the United States and Israel) but will be charged a transit fee, potentially up to $2M per voyage and payable in Chinese yuan.
This move helps Iran avoid causing a global supply shock, and is clearly backed by both China and BRICS with the aim of pricing oil in Chinese yuan (instead of USD). This is a temporary solution. It seems the US will not accept this for long. Perhaps Trump will soon post something on Truth Social about this.