BEIJING, July 5 — Iran’s ambassador to China insisted yesterday that new fees would be charged to ships tran...BEIJING, July 5 — Iran’s ambassador to China insisted yesterday that new fees would be charged to ships tran...

Iran envoy says friendly nations to get ‘special’ Hormuz fee treatment

2026/07/05 10:25
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

BEIJING, July 5 — Iran’s ambassador to China insisted yesterday that new fees would be charged to ships transiting the Strait of Hormuz — an idea rejected by Washington — while assuring that “friendly” nations would receive special treatment.

The initial deal struck between Iran and the United States to end their war stipulated that commercial ships would transit the strait free of charge for 60 days, but it remains unclear what will be in place after that period.

Iranian Ambassador Abdolreza Rahmani Fazli told the World Peace Forum in Beijing that his country was working in “collaboration and cooperation” with Oman on “new arrangements” for the vital waterway.

“As a country where the Hormuz is part of its territorial waters, we will definitely charge service fees,” Azli said in translated remarks, while insisting such fees would not be a “toll.”

“These new arrangements will be concerning guaranteeing the security of passage through the Straits of Hormuz, supervision of the passage of the vessels… and also guaranteeing and dealing with the environmental consequences of the massive number of ships,” he said.

“We will definitely consider special treatment for the countries that were friendly to us and specially stood by us during the hard times,” he added.

The strait normally carries one-fifth of the world’s crude oil and liquefied natural gas, but it was all but closed by Iran during the Middle East war, sending energy prices soaring.

Iran lifted its blockade of the Hormuz after it struck an initial deal with the US to end the Middle East war, and negotiations on a permanent settlement of the conflict are ongoing. — AFP

Get Covered, Share 1M USDT

Get Covered, Share 1M USDTGet Covered, Share 1M USDT

Higher VVIP tiers, higher compensation odds.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Covéa Chooses Shift Technology as Strategic Partner for Fraud and Risk Management

Covéa Chooses Shift Technology as Strategic Partner for Fraud and Risk Management

Covéa has selected Shift Technology as a long-term partner to support a consistent and shared view of risk from policy inception through to claims settlement The
Share
ffnews2026/04/02 07:00
One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

The post One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight appeared on BitcoinEthereumNews.com. Frank Sinatra’s The World We Knew returns to the Jazz Albums and Traditional Jazz Albums charts, showing continued demand for his timeless music. Frank Sinatra performs on his TV special Frank Sinatra: A Man and his Music Bettmann Archive These days on the Billboard charts, Frank Sinatra’s music can always be found on the jazz-specific rankings. While the art he created when he was still working was pop at the time, and later classified as traditional pop, there is no such list for the latter format in America, and so his throwback projects and cuts appear on jazz lists instead. It’s on those charts where Sinatra rebounds this week, and one of his popular projects returns not to one, but two tallies at the same time, helping him increase the total amount of real estate he owns at the moment. Frank Sinatra’s The World We Knew Returns Sinatra’s The World We Knew is a top performer again, if only on the jazz lists. That set rebounds to No. 15 on the Traditional Jazz Albums chart and comes in at No. 20 on the all-encompassing Jazz Albums ranking after not appearing on either roster just last frame. The World We Knew’s All-Time Highs The World We Knew returns close to its all-time peak on both of those rosters. Sinatra’s classic has peaked at No. 11 on the Traditional Jazz Albums chart, just missing out on becoming another top 10 for the crooner. The set climbed all the way to No. 15 on the Jazz Albums tally and has now spent just under two months on the rosters. Frank Sinatra’s Album With Classic Hits Sinatra released The World We Knew in the summer of 1967. The title track, which on the album is actually known as “The World We Knew (Over and…
Share
BitcoinEthereumNews2025/09/18 00:02
Not a loophole: Singapore AI export controls let China tap US AI legally

Not a loophole: Singapore AI export controls let China tap US AI legally

American AI technology is reaching Chinese tech giants through a route that US export controls were never designed to close: Singapore. The city-state sits outside
Share
The Cryptonomist2026/07/10 14:46

Record Ads, Stock Down 7%

Record Ads, Stock Down 7%Record Ads, Stock Down 7%

Jul 29: Meta earnings face the market's question.