Iran Pitches Gulf States on $40B Fee Plan for Reopening Strait of Hormuz
Tehran says the charge could bring in about $40 billion a year and give Iran and regional states shared revenue from the waterway.
- Iran is pitching a plan to charge ships for "security, safety and environmental services" in the Strait of Hormuz, with Tehran estimating the proposal could generate about $40 billion annually for participating countries across the Middle East and China.
- Iranian parliament speaker Mohammad Bagher Ghalibaf declared during a Tuesday visit to Oman that "management of the strait will never return to the way it was before," while Tehran examines Turkey's "gold franc" passage tax model used in the Dardanelles.
- Secretary of State Marco Rubio rejected the toll proposal during his Middle East visit this week, warning that imposing fees would create a dangerous precedent that could "spread like a contagion" and cause chaos.
- The International Maritime Organisation paused escort operations through the Strait on Thursday after a projectile struck the Singapore-flagged Ever Lovely near Oman, halting evacuations of stranded ships.
- Ship crossings have plummeted to 70 daily compared to 130 before the war, while President Donald Trump warned earlier this month the U.S. would resume bombing if Iran fails to honor the reopening agreement.
17 Articles
17 Articles
It is all hands on deck in Hormuz. Iran remains determined to establish its control over the strategic strait—by force if necessary. The United States, and the vast majority of the world, demand completely free passage for ships, just as before the war. The stalemate threatens to lead to a new military confrontation.
The Strait of Hormuz might be entering a new era: report
Iran has discussed plans with Middle Eastern neighbors and China to establish permanent tolls in the Strait of Hormuz, according to Wall Street Journal reporting. According to reports by the Wall Street Journal, Iranian officials estimate charges for security, safety, and environmental services could generate $40 billion annually for participating states. The scheme represents a dramatic reversal of pre-war conditions, with Iran now controlling …
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Iran Proposal to Charge Hormuz Shipping Fees Draws U.S. Warning
Iran has reportedly discussed a plan to collect billions of dollars in fees tied to shipping through the Strait of Hormuz, but U.S. and Gulf ... The post Iran Proposal to Charge Hormuz Shipping Fees Draws U.S. Warning first appeared on [your]NEWS.
Report: Iran seeking to earn billions charging Strait of Hormuz service fees
The Wall Street Journal cited officials saying that Iran estimates countries could make $40 billion a year charging security, safety and environmental fees in the waterway. Iran's chief negotiator in Oman: 'Management of the Strait will never return to the way it was before'
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