Strait of Hormuz tolls would harm livelihoods worldwide, shipowners warn
Summary
Eight major shipping groups asked the United Nations to oppose new tolls in the Strait of Hormuz. They say charging ships to pass through this important waterway would break international rules and hurt the global economy.Key Facts
- Iran and Oman are planning to set up tolls for ships passing through the Strait of Hormuz.
- The Strait of Hormuz is a crucial waterway used for international shipping and energy transport.
- Eight large shipping associations sent a letter to the UN opposing these tolls.
- They warned tolls would increase costs for global trade and energy prices.
- Charging ships would break international laws about free passage through such waterways.
- Iran controls the area partly due to conflicts with the US and Israel and has charged fees since May via the Persian Gulf Strait Authority.
- The International Maritime Organization (IMO) has confirmed many vessel attacks in the area linked to Iran.
- Experts say tolls would especially impact Asia, which depends heavily on Gulf energy supplies.
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