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Iran and Oman to Implement Service Fees for Strait of Hormuz Transit: Report

Muscat: A proposed negotiating framework between Iran and Oman would require ships transiting the Strait of Hormuz to pay fees for a range of maritime services, while eventually replacing the existing northern and southern shipping lanes with a centrally managed corridor, according to an informed source at Iran's Foreign Ministry.

According to Anadolu Agency, the source informed Iran's semi-official Fars News Agency that, during an initial transitional period, vessels would enter the Strait of Hormuz through the northern shipping lane near Iran's coast and exit through the southern shipping lane near Oman's coast. After this transition, both the northern and southern lanes would cease operations, with all vessels passing through a central shipping lane. Under the proposal, inbound traffic would be managed by Iran, while outbound traffic would be managed jointly by Iran and Oman.

The source stated that vessels transiting the strait would be required to pay charges for services provided. The services would include insurance, bunkering (fueling), environmental protection, and similar maritime support. Furthermore, the source dismissed reports claiming that Iran and Oman were divided over whether to charge ships 7% or 3% of the value of their cargo, describing such reports as inaccurate. Instead, the fees collected from ships would vary depending on multiple factors, including the scope of services Iran is able to provide.