US charges Hormuz feesThe American Petroleum Institute (API), a major U.S. oil trade group, has voiced its opposition to the recent proposal for tolls in the Strait of Hormuz. This proposal, backed by Gulf actors, suggests a voluntary fee system for vessels passing through the critical maritime route. The U.S. has previously cautioned firms about the risk of sanctions if they comply with Iranian fee demands. AdvertisementKey TakeawaysThe American Petroleum Institute’s opposition suggests a strong U.S. industry stance against Hormuz tolls, consistent with decreased odds of U.S. fees. The upcoming expiration of a 60-day pause on Iranian tolls could serve as a key indicator of future developments.