economy
US-Iran accord opens way for Hormuz charges, industry warns
Shipping executives fear language will enable Tehran to introduce fees after 60 days or a fund similar to Strait of Malacca
TL;DR
- Shipping executives express concerns over a US-Iran accord.
- The accord's language may allow Tehran to introduce fees for passage through the Strait of Hormuz.
- These fees could potentially be implemented after a 60-day period.
- Industry experts fear a financial model similar to the Strait of Malacca fund might be adopted.