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UN, IMO Urged to Ban Hormuz Toll Amid Sanctions

8/7/2026

34 4 Full Breakdown

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Story summary
  • Groups urged UN chief António Guterres and IMO chief Arsenio Domínguez to block Hormuz tolls.
  • Iran seeks 5-7% of value or $2 million per voyage, while Oman seeks 3%.
  • U.S. Treasury sanctioned Persian Gulf Strait Authority, barred payments and warned of asset freezes.
  • Lloyd’s Market Association’s clause voids insurance for vessels paying a Hormuz fee.
  • The IMO reports 64 incidents, 17 deaths and 6,000 stranded seafarers, saying the tolls breach UNCLOS.
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