"The Strait of Hormuz, which links the Gulf to the Gulf of Oman, has held global attention since Israel and the US began their war on Iran in February. Until fighting began, the narrow channel, through which 20 percent of the world's oil and liquefied natural gas supplies are shipped from Gulf producers in peacetime, remained toll-free and safe for vessels."
"Iran retaliated by attacking enemy merchant ships in the strait, effectively halting passage for all, stranding shipping, and creating one of the worst-ever global energy distribution crises."
"Tehran has now issued official terms it says will guide its control of the Strait going forward. The US has not directly acknowledged the terms ahead of talks set to begin in Islamabad on Friday."
"During the crisis, only a few ships from specific countries deemed friendly to Iran and those which pay a toll have been granted safe passage."
Tehran plans to tax ships passing through the Strait of Hormuz to fund reconstruction efforts, facing significant pushback. The strait, crucial for global oil and LNG supplies, has been affected by conflict since February. Iran's attacks on enemy vessels have halted shipping, leading to a severe energy distribution crisis. Despite threats from the US, Iran has maintained control over the strait, issuing terms for its management. Only select ships have been allowed passage, with some paying tolls in yuan to circumvent US sanctions.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]