Originally posted at >>>/qresearch/24761245 (261344ZJUN26) Notable: Iran Firm On Hormuz Fee Plans, Eyes $40 Billion Revenue A Year
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Iran Firm On Hormuz Fee Plans, Eyes $40 Billion Revenue A Year
Tehran eyes lucrative overhaul of key oil chokepoint, proposes charges for maritime services amid post-conflict negotiations
Iran Firm On Hormuz Fee Plans, Eyes $40 Billion Revenue A Year
Iran is seeking to dramatically reshape the future management of the Strait of Hormuz by proposing a major fee-based framework for security, safety and environmental services that could unlock up to $40 billion in annual revenue for participating countries, The Wall Street Journal reported, citing officials familiar with the proposal.
Tehran is presenting the proposal as part of a new post-conflict framework for the Gulf, arguing that the management of one of the world's most crucial energy shipping routes cannot return to the previous arrangement.
According to WSJ,Iran is engaging with Persian Gulf nations and countries including China to build support for the plan.
Iran's chief negotiator Mohammad Bagher Ghalibaf said during a visit to Oman that the strait's management “will never return” to its earlier structure, the report said.
The proposal draws inspiration from Turkey's management of the Dardanelles, where ships pay charges known as the “gold franc” to fund services such as navigation support, sanitation and rescue operations.
Tehran believes a similar model could work for Hormuz, provided regional countries participate and share revenues.
However, the plan has faced resistance from the United States. US Secretary of StateMarcoPost too long. Click here to view the full text.
