Europe considering proposals to allow navigation fees in strait of Hormuz
Plans specify tolls must not be compulsory as US officials urge Iran to make public guarantee of safe passage for shipping Europe is studying proposals that could allow navigation fees to be charged in the strait of Hormuz, provided the payments are not compulsory and have the support of the UN agency that regulates maritime transport. Britain’s deputy prime minister, David Lammy, said imposing mandatory tolls would be disastrous. But some cabinet colleagues said they recognised that payments for specific navigational services were permissible in many natural waterways, including the strait of
Read the full story at Business | The Guardian →EUROS aggregates the world's financial press. The full article lives with the newsroom that reported it.