Eight major shipping associations sent a joint letter to UN Secretary-General António Guterres and IMO Secretary-General Arsenio Dominguez, urging them to oppose any transit fees or mandatory tariffs in the Strait of Hormuz, according to a Bloomberg report. The associations described the fees as "effectively tariffs" and warned that acquiescing could set a precedent for other critical maritime chokepoints.
Eight major shipping associations have jointly called on the United Nations and the International Maritime Organization to oppose any transit fees or mandatory tariffs in the Strait of Hormuz, according to a Bloomberg report. In a letter dated August 3 to UN Secretary-General António Guterres and IMO Secretary-General Arsenio Dominguez, the associations stated that such fees are "effectively tariffs" and would undermine the international legal framework governing navigation through international straits. They warned that imposing fees could set a precedent for tariffs at other critical maritime chokepoints, threatening global trade.
The Strait of Hormuz transit fee dispute has been a major international issue. As The Zioneer reported on August 4, Iran has demanded a 7% fee on cargo value, while the US has pushed for 5%. The UN Maritime Organization stated on July 13 that there is no legal basis for such fees. US Secretary of State Marco Rubio called Iran's fee demands a "semantic game" on June 25. The shipping associations' letter represents a coordinated industry pushback against any toll regime.
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