Iran has established a new government agency tasked with approving transits through the Strait of Hormuz and collecting navigation fees, according to the shipping publication Lloyd's List, as reported by AFP. A waterway through which one-fifth of the world’s hydrocarbons typically transit, the Strait of Hormuz has become a major flashpoint since the start of […] Read more
Iran has set up a special authority to collect tolls through the Strait of Hormuz
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