Iran, Oman mull charging Strait of Hormuz 'maritime service fees'
Summary
Iran and Oman said they will study fees for services in the Strait of Hormuz through a joint group, aiming to manage the waterway together. Both countries said they have rights over the strait but promised safe passage without tolls, despite the U.S. opposing any charges.Key Facts
- Iran and Oman will work together to decide on fees for services in the Strait of Hormuz.
- They claim sovereignty over their territorial waters in the strait.
- The joint group will discuss future navigation rules and related costs following international standards.
- Iran plans to charge "maritime service fees" after a 60-day free period stated in a deal with the U.S. and Oman.
- The U.S. strongly opposes any tolls or fees on the strait and has threatened sanctions against Oman.
- The Strait of Hormuz is a key route used for about 20% of the world's oil and natural gas shipments.
- Iran previously closed the strait but lifted the blockade in line with a recent agreement with the U.S.
- Both countries declared commitment to international law and toll-free safe passage through the strait.
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