Traffic volume at three harbour crossings has surpassed pre-toll peak levels, despite improved overall peak-hour conditions. Congestion on connecting routes persists, prompting suggestions for future toll structure adjustments. The effectiveness of current tolls may wane due to economic growth and inflation.
Hong Kong transport authorities suggest cross-harbour tunnel tolls may need future adjustments as traffic volumes have surpassed pre-reform peaks. Congestion persists during certain times, impacting connecting roads, and the initial toll's effectiveness is expected to wane.
India is exploring a plan to finance emergency liquefied natural gas (LNG) stockpiles by increasing regasification tolls at import terminals. This move aims to bolster energy security following supply disruptions caused by the Iran war, reviving previous plans shelved due to high costs. The government is considering mandating terminal operators to expand storage capacity, with investment recovery through higher tolls passed on to customers.
Concerns are rising in energy markets about potential tolls on the Strait of Malacca, mirroring Iran's actions in the Strait of Hormuz. Experts are skeptical, citing international law and existing patrol arrangements, but investors fear a precedent could be set.
US Vice President JD Vance stated that no tolls will be charged for passage through the Strait of Hormuz, countering reports of a proposal by Oman to impose fees. Vance asserted the US has leverage over Iran to ensure favorable outcomes for American objectives.
A UN Under Secretary General stated that over 50,000 people are missing following a powerful earthquake in Venezuela. The disaster, which struck late on June 24 with two major tremors, has also resulted in 589 confirmed deaths and nearly 3,000 injuries.
US Secretary of State Marco Rubio stated that Arab nations, including Oman, have "zero support" for implementing tolls on the Strait of Hormuz. Rubio reiterated Washington's rejection of such a system, emphasizing it is "not doable."
US Secretary of State Marco Rubio warned that imposing tolls on ships in the Strait of Hormuz would cause "total chaos," a stance echoed by Oman, which stated no fees would be levied. Iran, however, insisted on its authorization for passage and appeared to criticize Oman's new shipping route, intensifying a key point of contention in ongoing US-Iran negotiations.
Iran's Parliament Speaker Mohammad Bagher Ghalibaf called the US-Iran framework deal a "US defeat," citing Iranian resistance. Technical talks continue, with disputes over the Strait of Hormuz, nuclear inspections, and the Israel-Hezbollah conflict, despite a direct communication channel.
Iran and the US are engaged in rapid diplomatic talks to end the war, but confusion persists over navigation in the Strait of Hormuz. Iran and Oman announced a joint mechanism for permits, while the US insists on free transit, with President Trump warning negotiations would end if Iran imposes tolls.
US Secretary of State Marco Rubio warned at a Bahrain meeting that Iran charging tolls for ships in the Strait of Hormuz could spread to other waterways, leading to global chaos and violating a foundational principle of international navigation.
US Secretary of State Marco Rubio declared the Strait of Hormuz an international waterway, asserting that any attempt by Iran to charge vessels for passage is unacceptable and would lead to global chaos.
US Secretary of State Marco Rubio stated that no country can charge tolls on the Strait of Hormuz, emphasizing it as an "international waterway" governed by existing international law. This comes amid concerns Iran might impose fees after a preliminary peace deal with Washington.
The US stated it will not permit tolls on the Strait of Hormuz, a key international waterway. This follows Iran and Oman's announcement to study administration and costs for the route, asserting sovereignty. Meanwhile, the UN will evacuate over 11,000 stranded sailors.
US Secretary of State Marco Rubio assured Gulf allies that Washington will not permit Iran to charge tolls in the Strait of Hormuz, despite a recent ceasefire deal. Concerns persist over Iran reinvesting frozen assets into its military and its nuclear program.
The US opposes any tolls in the Strait of Hormuz, while Iran suggests 'maritime service fees.' Meanwhile, the US Senate passed a war powers resolution against Iran, and Israel and Lebanon are set for talks in Washington.
Qatar's Prime Minister stated that Qatar opposes charging tolls for passage through the Strait of Hormuz, advocating for free and unimpeded navigation. He also called for cooperation with Iran based on trust, with upcoming GCC meetings to focus on regional security.
President Donald Trump told Fox News that the US might take over the Strait of Hormuz, collect tolls, and take 20% of the oil passing through it, describing the US as the "guardian angel" of the region.
US Vice President JD Vance is in Zurich for peace talks with Iranian leaders to curb Tehran's nuclear program and end the war. Iran stated Lebanon is key to negotiations, while President Trump threatened tolls on the Strait of Hormuz if a deal isn't reached.
US President Donald Trump stated no tolls will be charged in the Strait of Hormuz during or after a 60-day ceasefire, unless imposed by the US. This comes as US and Iranian delegations meet in Switzerland for broader settlement talks.
Amidst escalating tensions, Iran declared the Strait of Hormuz shut, citing US/Israel ceasefire violations. Trump threatened tolls, while US military stated traffic continues. VP Vance arrived in Switzerland for nuclear and ceasefire talks.
President Trump threatened to impose US tolls in the Strait of Hormuz if a deal with Iran isn't reached in 60 days, citing reimbursement for security services. Iran claims to have closed the strait due to Israeli actions, a claim disputed by the US.
Donald Trump stated the US could impose tolls on vessels in the Strait of Hormuz if a deal with Iran isn't reached, framing it as payment for regional security services. This follows Iran's closure of the strait amid Israeli attacks in Lebanon and ahead of talks in Switzerland.
Donald Trump stated there will be no tolls in the Strait of Hormuz for 60 days and none thereafter, unless imposed by the US. This follows Iran's claim of closing the strait due to a "clear breach" of a ceasefire MOU, which the US Central Command denied.
