Iran Plans Service Fee for Vessels Transiting Strait of Hormuz
Tehran considering service fee for Hormuz transit, says Iran minister
Business Standard
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Iran's Deputy Foreign Minister Kazem Gharibabadi announced plans to introduce a service fee for vessels using the Strait of Hormuz, aimed at covering navigation support and rescue operations. This announcement came during his visit to New Delhi for the BRICS foreign ministers' meeting, where he emphasized Iran's commitment to facilitating navigation for friendly nations like India.
- 01Iran is considering a service fee for vessels in the Strait of Hormuz.
- 02The fee will cover navigation support and rescue operations.
- 03Iran aims to facilitate transit for Indian vessels, with 11 already passed.
- 04Kazem Gharibabadi highlighted the importance of peace for safer navigation.
- 05The BRICS meeting will address unilateral measures by the US and promote cooperation.
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Iran's Deputy Foreign Minister for Legal and International Affairs, Kazem Gharibabadi, announced that Tehran is developing a framework to implement a service fee for vessels transiting through the Strait of Hormuz. This fee will cover essential services such as navigation support and rescue operations. Gharibabadi made this statement during his visit to New Delhi for the BRICS national coordinators' meeting, which precedes the foreign ministers' meeting. He stressed that navigation in the Strait of Hormuz would be free once peace is restored, ensuring safety and transparency in maritime operations. Gharibabadi also addressed the situation of 13 Indian vessels stranded near the strait, confirming that 11 Indian-flagged vessels have already transited and that Iran is working to assist the remaining ships. He reiterated Iran's friendship with India and welcomed any mediating role India might play in regional peace efforts. Furthermore, he expressed a desire for the BRICS meeting to unite against unilateral US measures that hinder development. Meanwhile, Russian Foreign Minister Sergey Lavrov assured that energy supply agreements with India would be honored despite external competition.
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The introduction of a service fee could affect shipping costs for vessels transiting the Strait of Hormuz, potentially impacting trade routes and maritime operations.
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