Iran and Oman have been authorized to collect tolls from ships passing through the Strait of Hormuz as part of a two-week ceasefire agreement brokered by Pakistan, according to a report by the Associated Press. A regional official cited by the agency said Iran plans to use the revenue for national reconstruction, while Oman’s intended use of the funds remains unclear.

The Strait of Hormuz, previously treated as an international waterway, lies within the territorial waters of both Iran and Oman. Until now, there had been no precedent for imposing tolls on vessels transiting the strait. The new arrangement marks a significant strategic shift in how the two countries manage this critical maritime passage.

Analysts view the decision as a notable development in regional maritime governance, potentially altering navigation and trade dynamics in one of the world’s most vital shipping routes.