UN Maritime Organization Opposes Hormuz Transit Fees Amid Tensions
The International Maritime Organization (IMO) has stated there is no legal basis for mandatory tolls in the Strait of Hormuz, opposing recent demands by President Donald Trump to charge 20% of cargo value as protection money. Iran had previously demanded transit fees but agreed not to impose them under a temporary deal with the U.S.
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Topics: International Maritime Organization (IMO) shipping fees Strait of Hormuz U.S.-Iran tensions