Iran has announced plans to collect service fees from commercial vessels passing through the Strait of Hormuz after a 60-day tax-free period ends. The decision, cited as a move for security and environmental protection, is being coordinated with Oman. While countries with friendly ties to Iran, like India, China, and Russia, may receive special concessions, the US has strongly opposed the move, labeling it a violation of international maritime norms. As 20% of the world's oil and gas passes through this route, there are concerns that this could lead to a global hike in energy prices.
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