Iran's Hormuz toll proposal violates global trade norms
AP News
—
To end the war with the United States and Israel, Iran is demanding the right to collect tolls in the Strait of Hormuz as a precondition for reopening the waterway vital to world oil supplies.
Yet collecting tolls in the strait would violate a basic and enduring principle of international maritime trade: freedom of peaceful navigation.
Opening the strait would save the global economy from supply constraints that have pushed energy and fertilizer prices sharply higher since the war began on Feb. 28.
But agreeing to Iranian toll-collecting would cement the Islamic Republic’s control over the strait through which 20% of the world’s oil is shipped — and enrich the military against whom the war was launched.
Hormuz Toll Plan Sparks Outrage
-
Iran's proposal to collect tolls in the Strait of Hormuz violates trade norms
PBS —
-
Iran demands $1 per barrel of oil passing through Strait of Hormuz, paid in crypto
The Hill —
-
Iran warns oil tankers will be destroyed if they try to travel along the Strait of Hormuz without permission as regime demands huge cryptocurrency fees
Daily Mail —
-
'I don't see anyone accepting that': Oil industry balks at Iran's shipping toll
Politico —
-
📹
Trump declares Strait of Hormuz 'joint venture' with Iran