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Strait of Hormuz crisis Tankers and Gas Political Risk and Trade

Gulf states call on governments to reject PGSA’s Hormuz route as Iran eyes tolls with Oman

  • Middle East Gulf states warn that recognising Iran’s route or the PGSA would set a ‘dangerous precedent’
  • The IMO is holding diplomatic talks with Iran and Oman to restore safe, unrestricted navigation amid rising tensions over control of the strategic waterway
  • Iran’s ambassador to France yesterday confirmed it is in talks with Oman to enforce permanent tolls
  • With the choke on Hormuz, the UAE has ramped up STS transfers at Sohar port to keep exports of crude oil flowing

  • News

Five Middle East Gulf states — Bahrain, Kuwait, Qatar, Saudi Arabia and the UAE — have urged IMO members to reject Iran’s new Persian Gulf Strait Authority and its proposed transit route through the Strait of Hormuz

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