Iran is seeking to reshape the future management of the Strait of Hormuz by introducing charges for security, safety and environmental services, a move that could generate as much as $40 billion annually for countries participating in the arrangement, The Wall Street Journal reported, citing officials familiar with the proposal.
According to the WSJ, Tehran is positioning the plan as part of the post-war order after the recent conflict in the Gulf, arguing that the management of one of the world's busiest energy shipping lanes cannot return to its pre-war structure. Iran is discussing the proposal with Persian Gulf neighbours as well as countries including China in an effort to build regional support, the newspaper reported.
