Some European Countries See Strait of Hormuz Transit Fees as Potentially Unavoidable
JH Kim
Summary
- Walter Bloomberg reported that some European countries believe transit fees in the Strait of Hormuz may become unavoidable after the US-Iran ceasefire.
- European officials said governments should prepare for transit fees, while stressing that the principle of non-discrimination must be upheld by applying the same standards to all vessels.
- European officials also called for an international maritime security coalition to protect global shipping passing through the Strait of Hormuz.
Forecast Trend Report by Period
Some European countries believe transit fees in the Strait of Hormuz may prove unavoidable after the US-Iran ceasefire, Walter Bloomberg reported on July 2.
European officials said governments should realistically prepare for such charges. They also stressed that any fees must adhere to the principle of non-discrimination, applying the same standards to all vessels.
The officials also called for the creation of an international maritime security coalition to protect global shipping passing through the Strait of Hormuz.
The US and Gulf countries, by contrast, continue to oppose transit fees on international sea lanes.
JH Kim
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