• Mon, May 25, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

25 May 2026 16:40  |

Iran Imposes Fees for Ship Transit in the Strait of Hormuz

Iran has begun charging ships transiting the Strait of Hormuz for "navigation services," Foreign Ministry spokesman Esmail Baghaei said. He explained that these services include navigation and environmental protection measures in the Strait of Hormuz, the Persian Gulf, and the Sea of ​​Oman.

Baghaei emphasized that these fees are not tolls, but rather part of Iran's responsible measures to safeguard the safety and environment of these strategic waters.

Iran and Oman are currently drafting a joint protocol or mechanism to ensure the safety of ships during transit, in accordance with international law, so that global energy flows remain secure despite these new navigation fees. (Arl)

Source: Newsmaker.id

Related News

GLOBAL ECONOMY

Trump Vows to 'immediately' Negotiate for End to Ukraine ...

President Donald Trump announced Wednesday he and Russia's leader agreed in a phone call to “immediately” begin negotiati...

13 February 2025 12:25
GLOBAL ECONOMY

Breaking: US Nonfarm Payrolls rise by 143,000 in January vs...

Nonfarm Payrolls (NFP) in the US rose by 143,000 in January, the US Bureau of Labor Statistics (BLS) reported on Friday. This...

7 February 2025 20:40
GLOBAL ECONOMY

Canada To Announce C$29.8 Billion In Retaliatory Tariffs Ag...

Canada will announce C$29.8 billion in retaliatory tariffs against the United States on Wednesday in response to U.S. Preside...

12 March 2025 18:54
GLOBAL ECONOMY

China Says U.S. Must Drop Tariffs Before Trade Talks

Beijing reiterated its call for the U.S. to drop unilateral tariffs on China, underscoring the deadlock between the world’s...

8 May 2025 16:16
BIAS23.com BIAS23.com NM23 Ai