GeopoliticsAugust 10 at 03:43 AM

Iran's Foreign Ministry spokesperson says talks with Oman are constructive and positive; "We did not address the issue of fees in the discussions with Oman regarding the Strait of Hormuz, but it is natural to collect fees for services received."

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Iran and Oman are discussing 'constructive' management of the Strait of Hormuz. Iran's plan to collect service fees could increase oil costs by $1/barrel, sparking legal and geopolitical concerns.

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Iran's Foreign Ministry spokesperson says talks with Oman are constructive and positive; "We did not address the issue of fees in the discussions with Oman regarding the Strait of Hormuz, but it is natural to collect fees for services received."

What do investors think?

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