Iran and Oman Say They’ll Work on Pact for Hormuz Transit Costs (opens original article in a new tab)

Iran and Oman plan to negotiate a pact regarding the administration and transit costs of the Strait of Hormuz, addressing concerns from traders and shipowners about possible tolling arrangements.

• Iran and Oman will work on a pact for the administration of the Strait of Hormuz
• The agreement will include the cost of managing transit through the strait
• Traders and shipowners are concerned about potential tolling arrangements