Iran charges Hormuz fees by August 31?

Probably not, but the expiration of the 60-day free-passage deal around mid-August creates a genuine, time-bound window for Iran to announce and begin limited collection before August 31.

Iran has talked about Hormuz fees for months and even sought ad hoc payments, but it has never made the mandatory, general announcement required by this market, and its own officials admit the revenue effort has failed so far. The 60-day free-passage agreement runs to about mid-August, which is the most plausible trigger for change. Even if that deal lapses, Iran's bureaucracy is weak, the conflict is intense, and international opposition is strong, making rapid formalization and verified collection by August 31 unlikely. Still, because the expiration creates a specific decision point with only about two weeks left, the possibility of a late announcement and limited enforcement reports is real and should not be treated as negligible.