Oman Tells UN It’s Against Imposing Transit Fees in Hormuz

Oman told the United Nations’ shipping agency that it doesn’t support imposing transit fees in the Strait of Hormuz, an approach which might set the sultanate at odds with Iran,...

By Alex Longley · Bloomberg Markets

Oman told the United Nations’ shipping agency that it doesn’t support imposing transit fees in the Strait of Hormuz, an approach which might set the sultanate at odds with Iran, which is pushing to charge passing freighters for navigation.