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المشهد العربي
API Opposes Iranian Fees in Strait
The American Petroleum Institute rejected the proposal to impose transit fees on Gulf ships passing through the Strait of Hormuz and dismissed any support for authorities that might impose such fees through military threats. It warned that Iran's complete control over this waterway could threaten the stability of the global oil market. This stance comes amid Gulf support for Oman's plan, which allows Tehran to collect voluntary fees from passing ships, following increased military tensions and rising energy prices. The news underscores the importance of safeguarding navigation to ensure the stability of oil markets.
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