Singapore, May 30 -- Permanent transit tariffs in the Strait of Hormuz will ultimately inflate prices for global buyers and must be opposed, Qatar has cautioned.

Doha and its regional allies are firmly against implementing any protracted toll framework for vessels navigating the critical maritime corridor, according to Al Jazeera, which quoted Qatar's Deputy Prime Minister and Minister of State for Defence Affairs, Sheikh Saoud bin Abdulrahman Al Thani.

Speaking at the Shangri-La Dialogue security summit in Singapore, the Qatari minister underscored the financial ripple effects that structural shipping levies would have on the global supply chain.

"Qatar and also the partners in the Gulf stated very clearly that charging fees will alwa...