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

Reuters reported August 6, 2026 that shipping sources find the proposed Iran-Oman Strait of Hormuz deal unworkable. The framework would let Iran control ships entering the Gulf. A senior Iranian official said Iran wants transit fees of 5–7% of cargo value — a steep charge on a chokepoint carrying roughly a fifth of global oil supply.