IMO rejects Trump plan for Hormuz transit fees ...Iraq

The International Maritime Organization (IMO) on Mondaydemanded details on US President Donald Trump's statement that he plans toimpose a 20% fee on goods transiting the Strait of Hormuz.

Trump announced that the United States would reinstate an"Iranian blockade" in Hormuz while keeping the waterway open tointernational shipping, and Washington would impose a 20% charge on cargotransiting the strait to cover security costs. Iran's Persian Gulf StraitAuthority stated earlier that passage remained unfeasible because of recent USmilitary actions.

Trump’s decision came after the United States and Iransigned a memorandum of understanding guaranteeing free commercial passagethrough the strait for 60 days starting June 19, while requiring vessels tosubmit transit requests through Iran's designated corridor authority.

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