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Proposed Hormuz passage deal not feasible for shipping industry, sources say
A proposed Iran-Oman deal for Strait of Hormuz control faces significant challenges. U.S. sanctions and restrictive insurance clauses impede workable payment mechanisms for transit. Iran seeks fees between five and seven percent of cargo value for passage. Oman discusses fees around three percent, while Washington opposes any charges. Shipping companies face compliance issues and potential insurance termination for paying tolls.
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ynetnews.com
Iran, Oman near deal to control Hormuz traffic and charge ‘service fees’
The proposed system would route incoming ships near Iran and outgoing vessels near Oman, while Washington insists Tehran will not control access or collect payments
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cryptobriefing.com
Iran, Oman near deal to control hormuz traffic and charge 'service fees'
Iran and Oman near a deal to manage Strait of Hormuz traffic and impose fees. Iran charges fees by October 31 at 57.5% YES.
