Industry Standing: The April 25 ICS Statement on Strait Seizures and Tolls
On 25 April the International Chamber of Shipping, representing more than 80 percent of global merchant tonnage, formally stated that both US and Iranian seizures violate international law and that Iran’s stated wish to charge tolls at Hormuz has no basis in international law. It is the first time the operator class has named a public position on the toll regime itself, and the position is exactly the one a treaty-backed alternative authority would need to take.