Habag Lloyd warns that imposing fees for passage through the Strait of Hormuz would be a serious mistake

Hapag-Lloyd Shipping Company stated that imposing fees for crossing international waters, such as a 20% charge on shipments through the Strait of Hormuz, would be a major mistake. This came after U.S. President Donald Trump announced his intention to impose a naval blockade against Iran and collect fees on passing ships. The company added that it cannot precisely determine the financial impact of these tensions, while the International Maritime Organization insisted that charging fees for passage through maritime straits is illegal. The closure of the Strait of Hormuz by Iran has led to rising oil prices, with Brent crude reaching its highest level in a month at $86.9 per barrel.

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