Rahm Emanuel Proposes UN Strait Fees, Hormuz Bypass as 20% of Global Oil Faces Iran Risk
Updated
Updated · POLITICO · Jul 10
Rahm Emanuel Proposes UN Strait Fees, Hormuz Bypass as 20% of Global Oil Faces Iran Risk
2 articles · Updated · POLITICO · Jul 10
Summary
Rahm Emanuel called for UN-linked transit fees in the Strait of Hormuz, saying revenue should be shared among Gulf states and Iran rather than controlled by Tehran.
About one-fifth of global oil moves through the strait, and Emanuel said a separate export route is needed so Iran cannot use a closure threat as leverage in future negotiations.
Oil prices, which fell after the initial ceasefire, rebounded this week as strikes renewed uncertainty over the waterway's immediate future.
The Pentagon said some strikes were aimed at limiting Iran's ability to threaten navigation there, while Trump at a NATO summit in Turkey revived a threat to take control of Kharg Island, which handles about 90% of Iran's oil exports.
Emanuel paired the proposal with a broader attack on Trump's Iran diplomacy, arguing the current approach leaves the region exposed to repeated disruptions.