Strait of Hormuz tolls would harm livelihoods worldwide, shipowners warn

Eight of the world’s largest shipping associations have urged the United Nations to oppose tolls in the Strait of Hormuz amid reports that Iran and Oman are nearing a deal to manage the critical waterway.In a letter to UN Secretary-General Antonio Guterres and International Maritime Organization Secretary-General Arsenio Dominguez, the group said that allowing authorities to charge vessels to transit the strait would violate international norms and harm the global economy.Recommended Stories list of 4 itemslist 1 of 4Mamdani praises El-Sayed’s victory, rejects ‘mini Mamdani’ tropelist 2 of 4FAA says Trump’s Marine One briefly flew too close to passenger jetlist 3 of 4Meta’s AI model follows rivals in revealing hacks of outside systemslist 4 of 4Mexican influencer shot dead during livestreamend of list“Introducing compulsory charges for transit, or service fees that are a toll in all but name, through the Strait of Hormuz would represent a significant departure from established international practice,” the groups representing shipowners and operators said in the letter, which was sent to the UN on Monday but made public on Wednesday.“Beyond the immediate financial implications for g...