Iran seeks to profit from Strait of Hormuz, but Oman undercuts the price

Iran and Oman are discussing the introduction of a transit fee for ships in the Strait of Hormuz. Iran proposes a levy of 5–7% of the cargo value, while Oman suggests about 3%. According to Reuters, the parties have not yet reached a compromise. The fee could raise shipping costs and affect global commodity prices.

Iran and Oman are negotiating a transit fee for commercial vessels crossing the Strait of Hormuz. The Iranian side proposes a levy of 5–7% of the total cargo value, aiming to turn its geographical position into a source of revenue. Oman, for its part, insists on a more modest rate of about 3%. According to Reuters, the parties differ in their assessment of the new payments. If Tehran manages to push through its initiative, it could significantly raise costs for maritime carriers and impact global commodity prices. Diplomatic bargaining continues, and the partners need to find a compromise between commercial benefit and the risk of destabilizing world trade.