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Iran suspends freight charge on foreign vessels carrying energy products to or from Iran

Middle East 2 sources 2 countries 🔦 Under-reported 31m ago

Iran has officially suspended a 10 percent freight charge previously applied to foreign vessels transporting oil, gas, and liquid petroleum products. The policy change affects both imports and exports of energy products handled by international shipping companies operating to and from the country. The decision was communicated via the semi-official Fars news agency.

This suspension removes a financial barrier for foreign shipping firms involved in Iran's energy trade. By eliminating the surcharge, the move aims to adjust the logistics costs associated with the transport of Iranian energy commodities in the international market.

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Read the full story at the source Arab News · SA
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