Oman Rules Out Strait of Hormuz Transit Fees as Brent Falls to $73.87

3 articles · Updated · CBS New York · Jun 25

Oman said Thursday that any joint mechanism with Iran to manage Strait of Hormuz traffic will not impose transit fees, addressing a key dispute in the U.S.-Iran memorandum reached last week.
Marco Rubio again rejected any Iranian charges for commercial passage, calling tolls on an international waterway a dangerous precedent as Oman and Iran discussed a cooperation mechanism on "freedom of navigation."
Brent crude fell 3.8% to $73.87 a barrel, near its pre-war level, as shipping cautiously resumed through the strait under the 60-day U.S.-Iran agreement.
70 ships crossed the strait on Wednesday, up 105% day on day, though uncertainty persisted after Iran's Revolutionary Guard warned vessels to use only Tehran-approved northern routes and tracking data showed 3 tankers turning back.

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CBS New York1d ago

Oman: No Transit Fees for Strait of Hormuz Maritime Traffic

Reuters1d ago

Iran, Oman stress need for coordination on Strait of Hormuz traffic in foreign minister call | Reuters

New York Post 1d ago

An oil tanker navigates the Strait of Hormuz despite threats from Iran's Revolutionary Guard

11 Sources

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Iran’s Proposed Strait of Hormuz Transit Fees: Legal Showdown and Global Shipping Disruption

Overview

Iran, aiming to monetize its strategic position, is working with Oman to study possible service fees for ships passing through the Strait of Hormuz. This proposal, rooted in their shared sovereignty, has sparked major international concern, as it could force commercial vessels to pay for passage in a waterway vital to global energy trade. Legal experts and maritime associations warn that such fees would disrupt long-standing international trade norms. The shipping industry, especially Western owners, strongly opposes the move, highlighting the risk of setting a precedent that could destabilize global maritime law and increase costs for worldwide trade.

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