Kazem Jalali, Iran’s Ambassador to Russia, Izvestia news agency that Iran and Oman will determine conditions like transit fees for ships, framing them as payment for services provided.The strait, key for one-fifth of global seaborne oil, has seen 90-95% less traffic since the US-Israeli conflict began in late February 2026, causing a 13 million barrel daily shortfall. The US, Europe and Gulf countries oppose tolls on the international waterway even as recent escalations like Israeli airstrikes continue.Jalali has also told Tasnim news agency that Europe has no role in Tehran-Washington negotiations.Jalali emphasized that Europe plays no role in the negotiations aimed at resolving the Middle East crisis between Tehran and the US government.A full reopening could flood markets with oil and ease shortages, though enforcement details remain unclear.
Iranian diplomat announces Strait of Hormuz reopening — with new fees —alongside Oman
Iran and Oman to reopen Strait of Hormuz with new ship transit fees, potentially easing global oil shortages despite US, European and Gulf opposition.
128 words~1 min read
