113 Days
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CNN Arabic
Hormuz mimics Malacca and Singapore with transit fees
The Sultanate of Oman has presented a plan to charge shipping companies fees for transiting the Strait of Hormuz, noting that the fee system currently used in the Straits of Malacca and Singapore— which includes financial contributions to cover safety and maintenance costs— could serve as a model. Contributions to the Asian Straits Fund are estimated at around $23 million, but there are concerns about the difficulty of implementing a similar system in the Hormuz, especially since Iran Does not agree to voluntary fee payments. The disagreement over the details of the proposal, which is currently under discussion among the parties, remains ongoing.
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