UN maritime agency rejects Trump’s 20% Strait of Hormuz fee
Why it matters: Shipping officials and legal experts say tolls for transit through the strait have no basis in international law.
Bloomberg, The New York Times +6
Why it matters: Shipping officials and legal experts say tolls for transit through the strait have no basis in international law.
Why it matters: The clash sharpens pressure on Tehran after attacks on three ships and raises risks for global oil and shipping.
Why it matters: The halt clouds a new U.S.-backed route meant to free stranded ships, with oil prices rising as transit risks return.
What's new: The UN maritime agency plans to evacuate more than 11,000 sailors as traffic recovers to about 40% of normal levels.
What's next: Ships will be assigned individual transit days as Iran, Oman and the US coordinate temporary routes around unsafe lanes.