United States oil executives warned President Donald Trump against allowing Iran to impose tolls on ships traversing the Strait of Hormuz ahead of a meeting with the president on Thursday, according to the Financial Times.
"Imposing tolls at this critical global chokepoint would set a concerning precedent for international waterways and be detrimental for global energy markets," the American Petroleum Institute (API) said. Industry leaders stressed the priority is reopening the strait, which carries about 20% of global oil and liquified natural gas (LNG) flows.
Trump said earlier the US would not allow Iran to collect tolls in the Strait of Hormuz, warning Tehran it "better not" charge fees for ships transiting the waterway before the naval blockade was imposed.
https://breakingthenews.net/Article/US-oil-industry-urges-Trump-to-oppose-Hormuz-toll/66088040
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