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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: jerryab   😊 😞
Number: of 84363 
Subject: Re: The Iran Deal.
Date: 06/14/26 10:34 PM
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Iran got the U.S. to stop attacking it, and gave up absolutely nothing to get it.

theguardian.com - Iran US middle east crisis donald trump peace deal strait hormuz open pakistan latest news updates

Iran claims to control Strait of Hormuz, including being able to charge fees to use it. The fees may be shared with Oman.

But on Iran’s Mehr state news, it was reported that the MoU calls for the reopening of the strait with 30 days under “Iranian arrangements”.

If true, then Iran won.

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Strait of Hormuz Transit Fees with Oman

Iran and Oman have agreed to reopen the Strait of Hormuz under new conditions, including transit fees for vessels using the waterway (Yahoo+1). The Strait, a critical global oil and gas chokepoint handling about one-fifth of world seaborne oil and LNG, will remain open but with a jointly set fee regime.

Nature of the Fees

Service-based charges: Iran and Oman will charge for maritime services provided, such as navigation assistance, search and rescue, security, and environmental response (Indian Defence Research Wing).

Variable rates: Fees will depend on vessel type, cargo, and operational characteristics. For example, a VLCC supertanker would not be taxed the same as an LNG carrier (Europe Says).

Payment methods: Reports indicate the new Persian Gulf Strait Authority (PGSA) may accept crypto assets and yuan-denominated instruments, alongside traditional payment methods (Crypto Briefing).

Reported rates: Early estimates suggest around $1 per barrel of oil or roughly $2 million per vessel (Crypto Briefing).

Implementation and Authority

A new Persian Gulf Strait Authority has been created to manage shipping approvals and collect fees (Crypto Briefing).

Oman shares stewardship of the strait and has reaffirmed opposition to tolls, pledging to uphold freedom of navigation and compliance with international law (Gulf News+1).

The Omani ambassador in Washington has told U.S. officials there are no plans to impose tolls (Yahoo+1).

International Reaction

U.S. opposition: President Donald Trump and U.S. officials have rejected the idea of fees, calling the strait an “international waterway” and warning that any toll system would make diplomatic agreements with Iran unviable (Europe Says).

Japan’s stance: Japan has stated it did not pay a fee after a recent crude tanker transit (Yahoo).

Market impact: The fees could add to shipping costs, potentially pressuring Asian refining margins and influencing route choices, with some shippers considering alternatives like the Cape of Good Hope (Europe Says).

Key Points for Shippers

Compliance required: Vessels must be prepared to pay fees in the agreed currency or accepted payment methods.

Route planning: Variable rates mean cost models must account for vessel and cargo type.

Political risk: The arrangement is politically sensitive, with U.S. and European opposition, and could affect insurance and insurance premiums.

In summary, the Strait of Hormuz will reopen with joint Iranian–Omani service fees tied to maritime services, not a fixed toll, but the variable and potentially crypto-based charges will add a new cost layer for global energy trade (Yahoo+3).
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