U.S. Announces 20% Security Fee for Ships Transiting Strait of Hormuz
The United States announced that it plans to impose a 20% security surcharge on the value of cargo carried by commercial vessels transiting the Strait of Hormuz.
According to the announcement, the fee is intended to help offset the substantial costs of maintaining maritime security and protecting commercial shipping in the strategic waterway.
The proposed measure comes as the United States continues to expand its security presence in the Strait of Hormuz amid heightened regional tensions.
