Iran has proposed a toll ranging from 5% to 7% of cargo value for passage through the Strait of Hormuz, significantly higher than fees charged on other international shipping routes. This development comes amid escalating tensions between Iran, the United States, and other stakeholders over control of this strategic maritime passage. Negotiations are ongoing between Iran and regional powers, particularly Oman, regarding the nature and implementation of these fees. Market activity suggests an increased likelihood of implementation in the coming months.
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