Iran announces plans to bring in maritime fees for strait of Hormuz

AI Summary

Iran plans to introduce maritime fees for shipping through the Strait of Hormuz after a 60-day negotiation period. Tehran asserts control over the strait and rejects European proposed naval escort missions, framing the move as a historic victory over the US.

Tehran says fees to cover cost of managing waterway will come into effect at end of 60-day negotiation period Middle East crisis – live updates Iran has announced plans to introduce a system of maritime fees in the strait of Hormuz in two months after the 60-day period of negotiation that has been triggered by the signing of the memorandum of understanding. Tehran, claiming a historic victory over the US, added that the strait was under its control and the European plan for a naval mission to escort ships though the strait would not be welcome. Continue reading...