• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Tuesday, June 9, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

Iran proposes new Hormuz shipping fees

Published on: June 8, 2026 5:28 PM

Iran has indicated that the Strait of Hormuz will remain open but may operate under new transit conditions. Iranian officials said vessels could face service-related fees set jointly with Oman. The proposal matters because the vital waterway handles a significant share of global energy shipments.

Iran’s ambassador to Moscow, Kazem Jalali, said Iran and Oman would determine the new operating framework. He stated that both countries provide services linked to navigation through the strait. As a result, ships passing through the route could be required to pay transit-related charges. However, he did not provide details on the proposed fee structure.

Read more: Iran asserts control over strait of Hormuz navigation rules

The Strait of Hormuz remains one of the world’s most strategically important shipping corridors. Before the conflict, roughly one-fifth of global oil supplies passed through the narrow waterway. Although some tankers have recently resumed movement, oil and liquefied natural gas flows remain heavily disrupted. Consequently, markets continue to monitor developments closely.

Meanwhile, the proposal has drawn opposition from the United States. President Donald Trump’s administration has repeatedly rejected any attempt to impose tolls on international shipping. US officials previously said Oman had no plans to support such charges. The issue has emerged as part of broader negotiations linked to regional security and maritime access.

Read more: Iran announces new body to manage Strait of Hormuz

Separately, regional tensions remain elevated following renewed military exchanges between Israel and Iran. Despite the instability, some vessels continue to transit the waterway. Japan recently confirmed that a Japan-linked tanker passed through the strait without paying additional fees. Analysts say future shipping costs and energy prices could depend on how any new regulations are implemented.

 

Filed Under: World Tagged With: global oil trade, Hormuz shipping route, Iran Oman agreement, Iran transit fees, Latest, Middle East energy market, Strait of Hormuz

Submit a Comment




Primary Sidebar




Latest News

Pakistan reviews auto policy to accelerate electric vehicle adoption

Gold prices decline by Rs 3,094 per tola

Rupee gains 1 paisa against US dollar

secp eases licensing rules for foreign investors in financial sector

National Savings secure Rs 1.32 trillion, almost meets FY2025-26 target

Pakistan

President stresses ‘provincial rights, economic stability’ in upcoming budget

Iran, Israel halt strikes at Trump’s request

AJK PM invites protesters to resume talks as clashes kill seven

Punjab CM pledges improved treatment facilities for brain tumor patients

US envoy congratulates ppp in successful GB elections

More Posts from this Category

Business

Pakistan, Mauritius eye to enhance bilateral trade

Pak-Italy trade witnesses over 18% surplus in 10 months

PSX loses over 1,525 points

Pakistan, Mauritius explore new trade opportunities

Federal psdp allocates Rs252bn for provinces and special areas

More Posts from this Category

World

Major quake off Philippines kills at least 32, dozen still missing

Women detained in Afghanistan’s Herat in clothing crackdown

India detains and deports 5,000 Bangladeshis

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.