If you want a safe route… Iran made a new move in Hormuz, will petrol and diesel become more expensive now?

Iran Hormuz Strait Tax Proposal: The ongoing fierce war in West Asia has now reached a new and dangerous turn. On the 21st day of the ongoing conflict with America and Israel, Iran closed the Strait of Hormuz, called the world’s energy lifeline. A big bet has been played regarding this. Tehran has proposed imposing taxes on ships passing through this route, which is not only likely to cause a huge surge in oil prices but also poses a threat of collapse of the global trading system.

Crisis on the world’s energy lifeline

The Strait of Hormuz handles about 20 percent of the world’s total energy exports. This narrow waterway connects the Gulf of Oman to the Arabian Sea and is vital to the global economy. Taking advantage of the war situation, Iran has currently closed this route, which has created a situation of energy crisis in the entire world. Now Iranian MPs have publicly put forward a proposal in the Parliament, under which ‘toll tax’ will be levied on ships passing through this strait. There is a plan to recover.

recovery of 20 lakh dollars

This matter is not limited to paper proposals only. According to latest reports, Iran has recently recovered tax worth about 2 million (20 lakh) dollars from an oil tanker. Iran’s ‘Islamic Revolutionary Guard Corps‘ (IRGC) A so-called ‘safe passage’ Busy in preparations to make it. This route will be open to ships that are either close to Tehran or willing to pay heavy taxes. Iran calls this toll system a ‘security system’ While it is presenting itself as a conflict, in reality it is a means of putting pressure on countries that are not directly involved in this conflict.

What does international law say?

According to International Maritime Law (UNCLOS), no country can impose unilateral taxes on international waterways like Hormuz. Here ‘Transit Passage’ The principle of ‘freedom’ applies, which gives ships and aircraft of all countries the right to pass through this route without any hindrance.

However, Iran argues that when the US-Israel has violated international laws by attacking it, it is not bound to follow these rules. Experts believe that this proposal of Iran is more a political move than an economic one, the purpose of which is to create global pressure against America and Israel.

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concern of global powers

This step of Iran has created a stir all over the world. Apart from Israel and America, now countries like Britain, France, Germany, Italy, Japan and Canada have also expressed deep concern over this. These countries have issued a joint statement and appealed to completely reject this tax proposal of Iran. If Iran remains adamant on its insistence, an unprecedented crisis may arise for international trade and shipping, dealing with which will be a big challenge for the entire world.