This development raises concerns for the shipping sector about safe navigation. Iran's new requirements and possible insurance charges could undermine international maritime regulations, prompting allies to call on the US to reject these new demands.

Iran to charge ships crossing the Strait of Hormuz after a 60-day fee-free period, raising questions over new transit costs on a key global oil and gas route.

Tehran says fees to cover cost of managing waterway will come into effect at end of 60-day negotiation period

Iran is considering charging a mandatory insurance fee to ships crossing through the Strait of Hormuz in the future. As part of the memorandum o...

This development raises concerns for the shipping sector about safe navigation. Iran's new requirements and possible insurance charges could undermine international maritime…