--- title: "Oil prices rise amid Iranian ultimatum: new transit rules for the Strait of Hormuz" description: "🛢️ Oil prices are rising: Brent rose to $83.29 against the backdrop of an Iranian ultimatum. 🚢 Iran proposed banning US and Israeli ships from passing through the Strait of Hormuz and imposing fines of up to 20% of the cargo value. 🇺🇸 Trump promises the strait will open soon, but experts doubt the plan's implementation due to sanctions. 📉 The market awaits clarity: weekly price drops have already reached 8%." date: 2026-08-07T06:50:04.000Z lang: en url: https://xab.info/en/posts/oil-prices-rise-amid-iranian-ultimatum-new-transit-rules-for-the-strait-of-hormuz tags: [oil-prices, ormuz-strait, iran, us-sanctions, energy-market, trump] publisher: "XAB.info" --- # Oil prices rise amid Iranian ultimatum: new transit rules for the Strait of Hormuz ![Silhouettes of oil rigs at sunset, reflecting the rise in oil prices due to the Iranian ultimatum and new transit rules through the Strait of Hormuz](https://xab.info/media/2026/08/07/neft-dorozhaet-na-fone-iranskogo-ultimatuma-ormuzskij-proliv/neft-dorozhaet-na-fone-iranskogo-ultimatuma-ormuzskij-proliv-1.webp) ## 🎯 Key Points - Brent and WTI futures rose amid concerns about the Strait of Hormuz. - Iran demands fees of 5-7% of cargo value and fines of up to 20% for violators. - The US opposes any fees, while Oman proposes a compromise of 3%. - Trump announced the imminent restoration of shipping, but risks remain. Energy markets reacted on Friday, August 7, 2026, with rising prices against the backdrop of ongoing geopolitical tensions in the Persian Gulf. Brent crude futures rose 0.97% to $83.29 per barrel, while the American West Texas Intermediate (WTI) benchmark gained 0.83%, reaching $77.93. Investors are once again assessing the risks of resuming full-scale shipping through the strategically vital Strait of Hormuz, which remains a key chokepoint for global energy trade. ### Iranian Bill: New Transit Conditions The main driver of the price increase was the publication of Iran's draft plan to regulate transit conditions through the Strait of Hormuz. According to the document, passage of vessels flying the flags of the United States and Israel through the strait will be completely prohibited. For other countries that Tehran may classify as "hostile," strict financial conditions are introduced. The Fars news agency, citing an Iranian lawmaker, reported that the draft provides for fines of up to 20% of the cargo value for violators. Furthermore, a high-ranking Iranian official stated a requirement to levy fees on passing vessels ranging from 5% to 7% of the value of the transported cargo. This proposal became part of negotiations between Iran and Oman, which, according to sources, are in the final stages of agreement. The agreement is intended to give Tehran control over vessels entering the Persian Gulf. ### Positions of the Parties: Oman vs. Washington During negotiations over control of the strait, diametrically opposed positions have formed. Oman, acting as a mediator, is discussing the possibility of introducing a fee at around 3%, trying to find a compromise between the interests of Tehran and the international community. At the same time, Washington categorically advocates for a complete rejection of any fees and restrictions, insisting on freedom of navigation in accordance with international maritime law. Experts note that the proposed agreement is extremely difficult to implement in practice due to existing US sanctions and restrictive insurance conditions. Any payments to Iran, classified as a state sponsor of terrorism, could lead to the freezing of assets of shipowners and insurers, making the fee collection mechanism unviable without lifting sanction pressure. ### Contradictory Data Currently, there are two contradictory versions on the market regarding the immediate future of shipping. On the one hand, US President Donald Trump stated that negotiations with Iran are "moving quickly" and announced the full restoration of normal shipping in the Strait of Hormuz in the near future. Earlier, on August 5, sources reported that the agreement between Iran and Oman was practically ready. On the other hand, analysts and market data suggest the opposite. Unfolding events and the publication of Tehran's tough draft bill indicate that military actions and political confrontation between Iran and the US have not yet ended. This is reflected in price dynamics: despite a brief drop earlier in the week on hopes for peace, Brent crude futures again exceeded the $80 mark, while the weekly decline amounted to about 8%, reflecting deep uncertainty. ### Economic Consequences and Forecast The current situation creates preconditions for volatility in the energy market. If Iran implements its plans to introduce fees or close the strait to certain fleets, this could lead to a sharp spike in oil prices, which would affect the global economy. Analysts warn that even the threat of such measures is already putting pressure on prices, forcing traders to factor in a risk premium into the barrel price. ## 🔍 Fact-Check Verification - [Uncertainty around the Strait of Hormuz persists – oil prices rise](https://pronedra.ru/neopredelennost-vokrug-ormuzskogo-proliva-sohranyaetsya-czeny-na-neft-rastut-827746.html) - Подтверждает рост цен и контекст напряженности. - [In anticipation of the imminent opening of the Strait of Hormuz, oil prices fall; Trump pushes Iran...](https://www.bbc.com/russian/articles/c5ywq3jw66qo) - Подтверждает заявления Трампа и динамику переговоров. - [Oil prices dropped below $80 against the backdrop of negotiations on the Strait of Hormuz](https://podrobno.uz/cat/world/tseny-na-neft-opustilis-nizhe-80-dollarov-na-fone-peregovorov-po-ormuzskomu-prolivu-/) - Подтверждает контекст переговоров и колебания цен. ## ❓ FAQ ### Q: Why did oil prices rise on August 7? **A:** Prices rose due to concerns about resuming full-scale shipping through the Strait of Hormuz and the publication of an Iranian bill with strict restrictions. ### Q: What does Iran propose in the new bill? **A:** Iran proposes banning US and Israeli ships, as well as introducing fees of 5% to 7% of the cargo value and fines of up to 20% for violators. ### Q: What is the US position on fees? **A:** Washington advocates for a complete rejection of introducing any fees for passage through the Strait of Hormuz.