As US lifts its blockade, Tehran says fees to cover cost of managing waterway will come into effect at end of 60-day negotiation period

Tehran says fees to cover cost of managing waterway will come into effect at end of 60-day negotiation period

Iran has announced plans to introduce a system of maritime fees in the strait of Hormuz in two months, after the 60-day period of negotiation that has been triggered by the signing of the memorandum of understanding.

Tehran, claiming a historic victory over the US, said the strait was under its control and a European plan for a naval mission to escort ships though the strait would not be welcome.

The warning came as the Israeli newspaper Yedioth Ahronoth reported that Benjamin Netanyahu, the Israeli prime minister, had said Israel “will maintain the security zone in south Lebanon as long as our security needs require it”, referring to the more than 600 sq km of Lebanese territory occupied by Israeli troops along the border.

  • freebee@sh.itjust.works
    21·
    4 days ago

    Except you won’t rake in billions. It’s Brexit all over again: whatever you gain with putting tariffs on shipping and shouting how powerful and important and independent you are, you’ll lose manyfold in general trade benefits… Everyone loses, and EU freight will find another way, rail to Genova and sail through Gibraltar or Suez, for example.

    • EvergreenGuru@lemmy.world
      1·
      3 days ago

      Doubtful. More than likely the EU just pays or they go to war and occupy Britain. Billions either way.

      And if Iran can do it and Britain could do it, then Spain can do it.

      If rail could replace shipping, it’d have already done so. In Mexico they’ve proposed a rail line to bypass the Panama Canal and it’d do just a fraction of the Canal’s volume.