BlockBeats News, May 16th, the head of the Iranian Parliament's National Security Committee stated that Iran has prepared a mechanism to manage traffic through the Strait of Hormuz along a designated route, and further details will be announced soon. During this process, only commercial vessels and parties cooperating with Iran will benefit. Necessary fees will be charged to cover the cost of the professional services provided under this mechanism. The channel will remain closed to operators of the "Freedom Plan." (FXStreet)