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Europe Says Strait of Hormuz Transit Fees May Be Unavoidable After US-Iran Ceasefire
JH Kim
Summary
- Some European countries said transit fees through the Strait of Hormuz may be unavoidable after the ceasefire between the US and Iran.
- European officials said governments should prepare for transit fees, while stressing that the principle of non-discrimination must be upheld so the same standards apply to all vessels.
- European officials called for an international maritime security coalition to protect global shipping through the Strait of Hormuz, while the US and Gulf states continue to oppose transit fees on international sea lanes.
Forecast Trend Report by Period
Some European countries believe transit fees for passage through the Strait of Hormuz may be unavoidable after the ceasefire between the US and Iran.
Walter Bloomberg reported on July 2 that European officials said governments need to prepare for the practical possibility of such charges. They also stressed that any fees must comply with the principle of non-discrimination, applying the same standards to all vessels.
The officials also called for an international maritime security coalition to protect global shipping through the Strait of Hormuz.
The US and Gulf states, by contrast, continue to oppose transit fees on international sea lanes.
JH Kim
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