Shipowners warn Strait of Hormuz tolls would harm livelihoods worldwide
Eight leading shipping organisations have signed a joint letter opposing a proposal to charge tolls on vessels transiting the Strait of Hormuz, warning the fees would harm livelihoods worldwide. The groups said the proposed charges could disrupt global supply chains that depend on the waterway. The strait carries a significant share of the world's seaborne oil trade.
Eight leading international shipping organisations have signed a joint letter opposing a proposal to impose tolls on vessels transiting the Strait of Hormuz, warning the charges would harm livelihoods worldwide.
The groups argued the strait carries a critical share of the world's seaborne oil trade, and that additional costs would ultimately be passed on to consumers. It remains unclear who first proposed the toll scheme, though it has been linked to broader security tensions in the region.
Maritime trade analysts noted that similar toll proposals have surfaced before but were shelved following international pushback. The shipping industry is calling for the matter to be discussed in international forums.
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