Oman Tells Europe It May Levy Transit Fees in Strait of Hormuz
JH Kim
Summary
- Oman has told European countries that it may impose transit fees on ships passing through the Strait of Hormuz, according to a report.
- The proposed transit fees are being considered under the banner of maritime safety or environmental services.
- The market is concerned that a joint management system between Iran and Oman could curb free passage through international shipping lanes and increase global energy and trade transport costs.
Forecast Trend Report by Period
Oman has told European countries that it may impose transit fees on ships passing through the Strait of Hormuz.
Walter Bloomberg reported on June 26 that the fees are being considered under the banner of maritime safety or environmental services.
The prospect has stirred concern in the market that a joint management system between Iran and Oman could curb free passage through international shipping lanes and increase global energy and trade transport costs.
JH Kim
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