Iran Halts 10% Freight Surcharge on Foreign Vessels
Deep News
Yesterday
Iran has ordered a temporary suspension of the 10% freight surcharge imposed on foreign vessels carrying imported and exported oil, liquefied natural gas, and other cargoes.
According to a directive issued by the Iranian president's deputy for legal affairs, the measure is designed to lower transportation costs for oil, gas, and liquefied petroleum products.
The suspension is expected to incentivize foreign shipping fleets to transport more goods to and from Iran, potentially boosting trade volumes for the country.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.