Shipping Industry Rejects Proposed Hormuz Deal as Iran Seeks 5–7% Cargo Transit Fees

Reuters reported August 6, 2026 that shipping industry sources deem the proposed Iran-Oman Strait of Hormuz passage deal unworkable. The framework would give Iran control over ships entering the Gulf. A senior Iranian official said Iran seeks transit fees of 5–7% of cargo value — an extraordinary levy on a chokepoint carrying roughly a fifth of global oil supply.