Shipping industry sources say the proposed Iran-Oman Strait of Hormuz transit plan is largely unworkable.

INTELLIGENCE SUMMARY

Shipping industry sources say the proposed Iran-Oman Strait of Hormuz transit plan is largely unworkable. Iran wants to charge 5–7% of cargo value for passage, but paying those fees could breach U.S. sanctions and void war-risk insurance coverage, leaving shipowners exposed to major legal and financial risks. Source: Reuters