Hormuz Law; AKA Hormuz Tariff

Hormuz Law to introduce fees on navigation and pollution in the Strait of Hormuz. Draft legislation also includes creation of a “regional fund”. The move is seen as an attempt to formalize long-term tolls on global shipping routes.

Of course US called these tolls/ tariffs “illegal” and “unacceptable”. Do what I say, not what I do!!!

Now, every country will start thinking what advantage they have to create a toll booth or tariff…

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