Middle East Crisis Strait of Hormuz

UN: No legal basis for tariffs in the Strait of Hormuz

There is no legal basis for imposing mandatory tariffs for passage through a strait used for international shipping, a spokesman for the UN's maritime agency IMO said, according to Reuters.

The statement comes just over an hour after US President Donald Trump announced that the US would charge for passage through the Strait of Hormuz.

The UN further said that the maritime agency is waiting to hear more details about Trump's statement.

Iran: Trump is absolutely right about tariffs in Hormuz

Iranian Foreign Minister Abbas Araghchi is pushing through Donald Trump's promise to impose tariffs on all shipping through the Strait of Hormuz.

In a post on X, he writes that the American president is “absolutely right” that the country that arranges safe and secure passage through the strait for commercial ships should be compensated.

“Iran has always been the guardian of the strait and will remain so forever,” Araghchi writes, with some of the words in capital letters in classic Trump style.

“20 percent is clearly too much. We will be fair,” he writes further.

Trump: US reimposes blockade on Iran – charges for shipping through the strait

The US is reimposing a blockade on Iranian ports, writes Donald Trump on Truth Social.

The US will also demand a fee of 20 percent of all shipping that travels through the Strait of Hormuz, he writes further. The money will go to keeping the strait safe, according to Trump.

“The US will henceforth be known as the guardian of the Strait of Hormuz,” he writes.

The process will begin immediately.

Sources: Dubai plans new port to bypass Hormuz

The government in Dubai plans to build a new cargo port on the east coast of the United Arab Emirates to open a trade route that does not go through the Strait of Hormuz, sources tell the Financial Times.

The state-owned port company DP World is reportedly in talks to develop a completely new multi-purpose port in the coastal area of ​​Fujairah, as well as a new container terminal in the emirate's existing port of the same name.

The expansion would reduce Dubai's dependence on the flagship port of Jebel Ali, whose traffic goes through the Strait of Hormuz. It would also mean a fundamental change for Dubai, the newspaper writes.