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IJR News — today's news from every side

Iran Pushes to Keep Hormuz Closed During TalksWorld — Aug 5, 2026A tentative 50-50 Hormuz framework could change how traffic is managed and introduce a service fee split between Iran and Oman, potentially altering oil risk premiums and global shipping costs. The shipping industry, backed by major UN and IMO voices, warns against tolls or compulsory transit fees, stressing freedom of navigation under UNCLOS and drawing swift opposition from the United States, with potential cost impacts for importers such as India.