European Countries Negotiating Transit Fees with Iran for Strait of Hormuz

According to Iranian state television, European countries are in discussions with Iran regarding ship transit through the Strait of Hormuz. Iran is reportedly preparing a mechanism to manage traffic in the waterway.

Sun May 17 2026

European Countries in Talks with Iran for Hormuz Transit

Iranian state television has reported that European countries are engaged in discussions with Iran over transit for ships through the Strait of Hormuz. This development comes as Iran prepares a mechanism to manage traffic through the crucial waterway. The Strait of Hormuz is a vital choke point for global oil shipments, and any changes in its management could have significant implications for international shipping and energy markets.

Iran's Ghalibaf Declares Eroding Western Dominance

Iranian Parliament Speaker Mohammad Bagher Ghalibaf has asserted that a new world order led by the Global South is emerging, and the traditional dominance of Western powers is rapidly eroding. His statement reflects Iran's perspective on shifting global dynamics and its desire for a more multipolar international system. This declaration underscores Iran's ongoing efforts to redefine its international relations and enhance its regional influence.

*Source: YouTube: WION (2026-05-17)*

Tags: #Iran #Strait of Hormuz #Europe #Global South