US EditionStrait of Hormuz Toll Would Set 'Dangerous Precedent,' UN Shipping Agency Warns
The agency said tolls on the Strait of Hormuz would violate transit rights and could encourage similar restrictions in other international waterways.
- Iran is demanding a $2 million toll per ship through the Strait of Hormuz as a precondition for a 10-point peace plan, though President Donald Trump stated Wednesday the White House opposes the proposal.
- This proposal follows Iran's previous 'tollbooth' scheme, where vessels paid fees to Islamic Revolutionary Guard Corps intermediaries; analysts warn such toll authority would cement Iranian control over a waterway handling 20% of the world's oil.
- Experts argue charging for passage violates the United Nations Convention on the Law of the Sea, which guarantees 'innocent passage' for peaceful ships. Bruegel economists noted global markets would benefit from reopening despite the $2 million per-tanker toll.
- Trump claimed Wednesday he plans to turn the Hormuz toll into a 'joint venture' benefiting the United States, while Saudi Arabia, the gulf's largest producer, called for keeping the strait open without restrictions.
- Global oil prices fell to $96 per barrel following the fragile ceasefire between the U.S. and Iran, down from nearly $112 on Tuesday, though long-term stability remains uncertain given conflicting maritime and sanctions demands.
72 Articles
72 Articles
Iran demands a fee from some ships in the Strait of Hormus. The passage without agreement carries dangers.
A toll for using Hormuz would be a ‘dangerous precedent’, says UN’s shipping agency
Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency said on April 9.
A toll for using Hormuz would be a 'dangerous precedent', UN's ship agency says
Imposing a toll on ships sailing through the critical Strait of Hormuz would "set a dangerous precedent" and countries should not impede freedom of navigation, the UN's shipping agency said on Thursday.
First, Iran and Hormuz, second, China and Taiwan? The dangerous implications of a tollbooth on the open sea
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. It’s an ancient idea that was codified by the United Nations’ Convention on the Law of the Sea, which took effe…
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