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Iran To Grant China, 'Friendly' Countries 'Special Consideration' On Hormuz Fees
Iran To Grant China, 'Friendly' Countries 'Special Consideration' On Hormuz Fees
Via The Cradle
Iran's ambassador to China stated on Saturday that the Islamic Republic would impose service fees on vessels transiting the Strait of Hormuz, but that China and other "friendly" countries would be granted "special considerations."
During a speech at the World Peace Forum in Beijing on Saturday, Iranian Ambassador Abdolreza Rahmani Fazli affirmed that Iran was working in "collaboration and cooperation" with Oman on "new arrangements" for the strait.
via Associated Press
Ships passing through Hormuz, through which one-fifth of the world's oil...
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Sep 4, 2026 / Tyler Durden
Hormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant Warns
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Submitted by Tsvetana Paraskova of OilPrice.com,
Japan’s Mitsui OSK Lines, the world’s largest tanker operator, expects the shipping disruptions at the Strait of Hormuz to continue for longer than previously expected, with no normalization by the end of the year, due to this week’s re-escalation of hostilities.
“Given the current situation, it’s difficult to see operations resuming in any form by the end of the year,” Mitsui OSK Lines’ chief executive Jotaro Tamura told Bloomberg in an interview published on Thursday.
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