Shipping Industry Warns Against Potential Hormuz Transit Fees

The global shipping industry is urging the United Nations and the International Maritime Organization (IMO) to oppose any attempt to impose compulsory tolls or transit fees in the Strait of Hormuz, warning that such a move would undermine international law, disrupt global trade, and set a dangerous precedent for other strategic waterways.

In a joint open letter addressed to UN Secretary-General António Guterres and IMO Secretary-General Arsenio Dominguez, eight of the world’s leading shipping organizations said the principle of freedom of navigation through international straits must not become a bargaining chip in ongoing regional negotiations.

The letter comes