Under the new regime, vessels must obtain Iranian approval and pay fees in some cases exceeding $1 million per ship before being allowed to cross the narrow chokepoint that handles about 20 % of the world’s oil trade
Under the new regime, vessels must obtain Iranian approval and pay fees in some cases
Under the new regime, vessels must obtain Iranian approval and pay fees in some cases exceeding $1 million per ship before being allowed to cross the narrow chokepoint that handles about 20 % of the world’s oil trade.
The controversial policy has drawn sharp criticism from Gulf states and international maritime authorities, who
The controversial policy has drawn sharp criticism from Gulf states and international maritime authorities, who argue that charging tolls on a major international shipping lane violates long‑established norms of free passage.
Shipping companies remain cautious, with many continuing to avoid the area amid uncertainty over safety
Shipping companies remain cautious, with many continuing to avoid the area amid uncertainty over safety, legal risks and the real scope of the ceasefire deal.
