The New York Times has published a report stating that Iran and Oman are close to finalizing an agreement to regulate shipping in the Strait of Hormuz. According to the report, vessels entering the strait will use a lane near Iran, while exiting vessels will use a lane near Oman, and Iran will collect a service fee for the arrangement.
The New York Times report, published Tuesday morning, provides the most detailed description yet of the emerging arrangement between Iran and Oman for the Strait of Hormuz. The Zioneer reported earlier this morning that the same report was cited by Israeli Channel 12. The deal, if finalized, would mark a significant change in the management of the strategic waterway through which about one-fifth of the world's oil passes. As The Zioneer reported in June, Iran had begun charging fees of up to $2 million per vessel, and the United States opposed the imposition of tolls. The NYT report does not specify the amount of the service fee or a timeline for implementation.
5 developments
- DevelopingIran and Oman announce joint management company for Strait of Hormuz
- StrongIran: Strait of Hormuz management is solely Iran and Oman's responsibility, toll collection continues
- StrongIran says talks with Oman on managing Strait of Hormuz continue
- DevelopingIran and Oman advance joint plan for Strait of Hormuz transit fees
Source and signal
- Open-source intake