Iran Establishes “Safe Passage” Corridor in Strait of Hormuz – Approved Ships Paying Up to $2 Million for Guaranteed Transit In a major development amid heightened regional tensions, Iran has created a de facto “safe passage” route through its territorial waters in the Strait of Hormuz. The corridor allows only vessels pre-approved by Iranian authorities […] The post Iran Establishes “Safe Passage” Corridor in Strait of Hormuz – Approved Ships Paying Up to $2 Million for Guaranteed Transit first appeared on The Zambian Observer .