Iran moves to charge transit fees in Strait of Hormuz
Why it matters: The waterway once carried a fifth of global oil, and flows of crude and LNG remain badly constrained by the war.
Iran plans to keep the Strait of Hormuz open while imposing new transit conditions with Oman, including fees for ships using the waterway, according to comments by Ambassador Kazem Jalali published by Russia's Izvestia on June 8. Before the US-Israeli war on Iran, roughly one-fifth of the world's oil moved through the strait. Since the conflict, some tankers have left the Gulf, but crude and liquefied natural gas shipments remain sharply limited. Washington has opposed any toll plan. In late May, Treasury Secretary Scott Bessent said Oman's ambassador told him Muscat had no plans to impose such charges. Japan also said it paid no fee when a Japan-linked crude tanker transited the strait in May.