Iran, Oman Form Joint Group on Hormuz Fees as 20% of Global Oil Flows Through Strait
Updated
Updated · FRANCE 24 English · Jun 23
Iran, Oman Form Joint Group on Hormuz Fees as 20% of Global Oil Flows Through Strait
3 articles · Updated · FRANCE 24 English · Jun 23
Summary
Iran and Oman said Tuesday they will set up a joint foreign-ministry working group to study maritime service fees and future navigation administration in the Strait of Hormuz.
The group will examine what services are provided in the waterway and the costs tied to them, with both countries stressing sovereign rights over their territorial waters and saying charges would follow international standards.
Oman's foreign minister also said Muscat remained committed to toll-free safe passage, highlighting a gap between that public stance and Tehran's push to impose fees after a 60-day no-charge period in last week's US-backed memorandum.
The talks keep alive a plan Washington fiercely opposes in a chokepoint that normally carries about 20% of global crude oil and LNG, after Trump threatened Oman and Treasury warned of sanctions.