Iran and Oman plan to charge transit fees for ships passing through the Strait of Hormuz

Oman, acting in coordination with Iran, is set to present a plan to charge transit fees for ships passing through the Strait of Hormuz, the New York Times reports. U.S. negotiators have already been briefed on the proposal despite Washington's objections. The strait is one of the world's most critical oil shipping lanes, and any tolls could have significant global economic consequences.

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🌍 World Recognising Iran's control over the Strait of Hormuz could set a dangerous global precedent NPR World · 10d ago 🌍 World Mediators push US-Iran talks in Qatar and Oman to prevent further escalation Al Jazeera · 16d ago 📈 Business Oil prices post biggest one-day drop in two months as US pauses Iran strikes MarketWatch · 19h ago