WORLD_ Permanent Iran tolls on Strait of Hormuz would rock global economy, undo maritime navigation rules (Andrew Salmon - THE WASHINGTON TIMES)

THE WASHINGTON TIMES

Permanent Iran tolls on Strait of Hormuz would rock global economy, undo maritime navigation rules

But if world follows suit, Singapore, U.K. sit on even richer waterways

Liberia-flagged tanker Shenlong Suezmax, carrying crude oil from Saudi Arabia, that arrived clearing the Strait of Hormuz, is seen at the Mumbai Port in Mumbai, India, Thursday, March 12, 2026. (AP Photo/Rafiq Maqbool) **FILE** more >

By Andrew Salmon - The Washington Times - Thursday, April 9, 2026

SEOUL, South Korea — Two key U.S. allies, citing the importance of free navigation and economic risk, insist that Iran should not be permitted to charge vessels to transit the Strait of Hormuz.

The issue is urgent, as U.S.-Iran peace talks are scheduled to begin Saturday. Iran is expected to present tolls as a negotiating point.

The implications for the global rules governing free navigation in waters traditionally considered international are huge.

Some 80% of world commerce moves by sea. If a precedent is set for Iranian taxation of transits through the Strait of Hormuz and other nations follow suit by dominating key oceanic chokepoints, then prices will be passed down to consumers and the global economy will face additional inflation.

One complicating factor in the peace talks is that the U.S. is not a signatory to the U.N. Convention on the Law of the Sea, the key global agreement that sets out guidelines for free navigation.

Moreover, President Trump has repeatedly derided America’s allies and dismissed the importance of the Strait of Hormuz to the U.S., given national energy self-sufficiency.

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READ MORE: https://www.washingtontimes.com/news/2026/apr/9/permanent-iran-tolls-strait-hormuz-would-rock-global-economy-undo/

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