There are moments in international politics when a technical phrase tells the whole story. “Transit fees” in the Strait of Hormuz is one such phrase. On paper, it may be dressed up as maritime management, mine-clearing costs, or an “environmental fee.” In reality, a permanent charge on passage through Hormuz would be a levy imposed […]
Strait
Strait of Hormuz closure pushes Pakistan into expensive LNG deal
State-run Pakistan LNG Limited (PLL) has approved a revised bid of $18.4 per million British thermal units (mmBtu) from TotalEnergies for delivery between April 27 and 30, while rejecting all other bids, it emerged on Saturday. TotalEnergies had initially bid $18.88 per mmBtu but later revised its offer downward to $18.4 following negotiations. After internal […]