Iran Proposes Shipping Fees for Strait of Hormuz Transit
Iran proposes transit fees for ships in the Strait of Hormuz as part of peace talks. The move faces opposition from the U.S. and Gulf states citing sea law.
Iran has proposed the implementation of transit fees for vessels navigating the Strait of Hormuz as a condition for ending its current conflict with Israel and the United States. The proposal follows weeks of restricted traffic through the vital energy corridor, which serves as the primary route for approximately one-fifth of the world's oil supply, including global benchmarks such as Brent Crude Oil and West Texas Oil.
A senior Iranian official stated that any permanent peace agreement following the strikes that began on February 28 must grant Tehran the authority to demand fees from passing ships. These charges would reportedly vary based on the vessel type, cargo, and other prevailing conditions. To formalize this process, Iranian Deputy Foreign Minister Kazem Gharibabdi noted that Tehran is currently drafting a protocol with Oman to require ships to obtain specific permits and licenses.
