US warns against Iranian demands to collect transit tolls in Strait of Hormuz

US Secretary of State Marco Rubio has warned that Iran’s recent demands to control and collect tolls from vessels navigating the Strait of Hormuz threaten the global economy and violate the fundamental principle of freedom of navigation.

Speaking at a summit in Manila, Rubio stressed that the US will do what is necessary to protect international trade interests if diplomacy fails. The warning follows severe regional escalations that recently forced three oil tankers carrying Saudi crude to Asia to reverse their course in the Red Sea due to ongoing maritime threats.

Related Posts

ADNOC secures $6.2 billion investment for Umm Shaif offshore gas expansion

ADNOC and international partners have secured a $6.2 billion investment to develop the Umm Shaif Gas Cap, targeting 600 million cubic feet daily by 2030.

Read more

UAE targets five to seven new CEPA trade agreements by end of 2026

Dr. Thani Al Zeyoudi announced the UAE expects to complete negotiations for up to seven new Comprehensive Economic Partnership Agreements by year-end.

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *