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Story summary
- Iran has established a scheme allowing select tankers to transit the Strait of Hormuz, with fees paid to Iranian authorities.
- Security analysts warn approval does not guarantee safe passage due to delays or seizures by the Islamic Revolutionary Guard Corps (IRGC).
- Iran has created a registration system for approved vessels.
- India and China are negotiating transit plans with Tehran, but the United States is unlikely to accept Iran's control of the strait.
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