Iranian tanker tolls: totally legit after all? | Wouldn’t charging vessels to navigate through the Strait of Hormuz be both unacceptable to the United States and in contravention of international law? Not necessarily.
There are some pictures that are missing in the archive link but the message of the article should still be clear.
In a note from JPMorgan, it is revealed that Iranian actions to formalize service fees through the strait of Hormuz might not violate international law after all. Denmark and Sweden, for example, charge fees on ships coming through the Danish straits, because they’re totally legitimate service fees, not tolls! These fees are completely mandatory for all vessels carrying oil, chemicals or gases. Turkey is also running service charges through the Turkish Straits.
In fact, with Iran and Oman hammering out an agreement, they actually have a pretty arguable case in front of international law, where service fees are levied not for the right to pass, but for specific services rendered. And by coordinating with Oman, who shares ownership of the waterway, they are further legitimized with another Middle Eastern country recognizing their right.
Of course, with Iran looking to expand control over their waterway, this means that other countries might start to get ideas over nearby waterways as well….
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There are some pictures that are missing in the archive link but the message of the article should still be clear.
In a note from JPMorgan, it is revealed that Iranian actions to formalize service fees through the strait of Hormuz might not violate international law after all. Denmark and Sweden, for example, charge fees on ships coming through the Danish straits, because they’re totally legitimate service fees, not tolls! These fees are completely mandatory for all vessels carrying oil, chemicals or gases. Turkey is also running service charges through the Turkish Straits.
In fact, with Iran and Oman hammering out an agreement, they actually have a pretty arguable case in front of international law, where service fees are levied not for the right to pass, but for specific services rendered. And by coordinating with Oman, who shares ownership of the waterway, they are further legitimized with another Middle Eastern country recognizing their right.
Of course, with Iran looking to expand control over their waterway, this means that other countries might start to get ideas over nearby waterways as well….
Sound tolls are great in EU5