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The Nexus
WORLDJun 2 · 14:45 UTCSEMAFORTim McDonnell

Companies and countries grapple with prospect of Hormuz toll

Companies and countries are dealing with the uncertainty of negotiations to reopen the Strait of Hormuz, as Iran seeks to impose transit fees. The US sanctioned an Iranian agency for collecting these fees and warned Oman against participation, while Chevron's CEO refused to pay. Qatar expressed openness to negotiating short-term fee arrangements.

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