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Updated 1d ago
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Exclusive | Iran Plans to Make Billions in Fees From Reopening the Strait of Hormuz
Iran intends to implement maritime fees to cover waterway management costs following a 60-day negotiation period. Oman has stated that no transit fees will be part of any future arrangement. The United States has rejected the proposal to allow Iran to impose tolls on shipping.
What changed
Iran and Oman have agreed to work on a pact regarding transit costs while Qatar facilitates talks between Iran, Iraq, and Gulf states.
Live updates
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Iran and Oman Negotiate Hormuz Transit Costs Amid US Opposition
confidence 80%Iran intends to implement maritime fees to cover waterway management costs following a 60-day negotiation period. Oman has stated that no transit fees will be part of any future arrangement. The United States has rejected the proposal to allow Iran to impose tolls on shipping.
What's confirmed:
- Iran and Oman are working on a pact for Hormuz transit costs.
- The United States and Iran are sending delegations to Qatar this week.
- Oil prices have returned to near pre-war levels as shipping in the Strait of Hormuz increases.
Still unconfirmed:
- Iran demanded recognition of its sovereignty over the Strait of Hormuz to end the war.