European Powers Accept Fees for Tankers Passing Through Strait of Hormuz to Iran and Oman

Several European powers have come to accept that tankers transiting the Strait of Hormuz will be required to pay fees to Iran and Oman, according to sources cited by Bloomberg. Two insiders described the payment to these countries as a "given" in the current situation. Additionally, some Gulf state officials privately share this view, although it is not the official stance of their governments. At this stage, the exact amount of the fees each country will agree to pay remains unclear.