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Iran suspends 10% freight fee on foreign vessels

Tehran has put a pause on the 10% freight fee it was charging foreign vessels that move oil, gas and liquid petroleum products into or out of the country. The point is to bring costs down for the foreign fleets still hauling Iranian cargo. U.S. naval actions had already cut into Iran's seaborne oil exports, and that extra 10% was piling more expense onto shipping operations on top of it. So for now the charge is off, with the hope that cheaper runs give foreign ships more reason to keep taking on Iranian goods. Source: Reuters / Writer: Daniyal

6d

Jolyon@jolyon

Follow

Iran suspends 10% freight fee on foreign vessels

Tehran has put a pause on the 10% freight fee it was charging foreign vessels that move oil, gas and liquid petroleum products into or out of the country. The point is to bring costs down for the foreign fleets still hauling Iranian cargo. U.S. naval actions had already cut into Iran's seaborne oil exports, and that extra 10% was piling more expense onto shipping operations on top of it. So for now the charge is off, with the hope that cheaper runs give foreign ships more reason to keep taking on Iranian goods. Source: Reuters / Writer: Daniyal

6d