Tehran, July 16 -- Iran is preparing to introduce environmental compensation fees for vessels transiting the Strait of Hormuz, according to the Islamic Republic's state news agency IRNA, citing a senior official from the country's Environmental Protection Organisation (EPO) on Thursday.
Ahmadreza Lahijan-Zadeh, deputy head of the organisation, said the proposed framework would require ships using the strategic waterway to contribute towards the cost of repairing environmental damage in the Persian Gulf and the Gulf of Oman.
"The government has decided that the cost of compensating for environmental damage caused to the Persian Gulf and the Gulf of Oman will be collected from services provided to ships transiting the Strait of Hormuz," Lah...