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UN and IMO call for free passage in the Strait of Hormuz

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  • The UN and IMO reacted against the US decision to impose a 20 percent transit fee by invoking international law.
  • Donald Trump announced that the maritime blockade against Iran will be restarted from 14 July.
  • The price of Brent crude rose above 82 dollars per barrel amid concerns that maritime traffic in the strait would drop.

بالأرقام

1. 20 percent transit fee2. 14 July at 20:00 GMT3. 82 dollars for Brent oil4. 20 million barrels/day

UN Secretary-General Antonio Guterres and the International Maritime Organization (IMO) called for free navigation following US President Donald Trump's demand for a 20 percent transit fee on all cargo passing through the Strait of Hormuz. The IMO emphasized that there is no legal basis for charging transit fees in straits in international waters.

Trump declared the US the new "guardian" of the strait, stating that the US must be compensated for providing security in the region. It was announced that America will restart its maritime blockade against Iran starting at 20:00 GMT on 14 July.

The Strait of Hormuz normally hosts about 20 percent of the world's seaborne crude oil trade. There are concerns that the ongoing crisis could collapse the ceasefire agreement and push the price of Brent crude above 82 dollars per barrel.

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الأسئلة الشائعة

What does the US's new decision regarding the Strait of Hormuz entail?
US President Donald Trump announced that a 20 percent fee will be charged on all cargo passing through the strait and that a maritime blockade will be reimposed starting from 14 July.
How did international organizations react to this transit fee?
The International Maritime Organization and the UN Secretary-General opposed the decision, stating that there is no legal basis for imposing a mandatory transit fee in straits in international waters.
How did this crisis affect oil prices?
With estimates suggesting that ship traffic through the Strait of Hormuz fell by more than half in a week, the price of Brent crude rose above 82 dollars per barrel on Monday.

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