In a significant de-escalation of West Asia tensions, the first commercial vessels have transited the Strait of Hormuz following a two-week ceasefire agreement between the United States and Iran. Maritime monitor MarineTraffic confirmed that the Greek-owned bulk carrier NJ Earth and the Liberia-flagged Daytona Beach successfully crossed the strategic waterway. The deal, announced after mediation by Pakistan, allows safe passage through the strait contingent on coordination with the Iranian Armed Forces. Iranian Foreign Minister Abbas Araghchi stated that the opening is temporary and subject to technical limitations and military oversight. India Today anchor Pooja Shali and Foreign Affairs Editor Geeta Mohan discuss the potential for Iran to leverage its control over the choke point, including reports of proposed transit fees reaching up to $2 million per ship. While the ceasefire provides a tactical pause for global oil markets, concerns remain over long-term stability and the potential for Iran to use the waterway as a source of side revenue for reconstruction amid ongoing international sanctions.
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