According to officials, Iran is proposing security, protection and environmental service fees for passage through the Strait of Hormuz that could generate about $40 bln a year for participating states if implemented. Officials say the plan would give Tehran cash flow and control it did not previously possess and is modelled on international precedents including the Dardanelles, where Turkey levies a transit charge known as the "gold franc." Iran is pitching the proposal to Gulf neighbours and ot

June 24, 2026, Paris — Vice Minister of Finance Liao Min attended the 13th Paris Forum, which focused on sovereign debt treatment past experience and future prospects. Liao said China places high priority on developing-country debt, has actively contributed to easing their debt pressures, and called for multilateralism and a development-focused approach to help resolve those debts fundamentally. He joined a ministerial lunch with France’s economy and finance minister and held bilateral meetings with France’s Treasury director-general, the OECD deputy secretary-general and chief economist, the World Bank vice president and the IMF director for Africa to exchange views on global economic imbalances, China‑France bilateral economic ties, industrial subsidies and African sovereign debt.

Turkey's central bank governor said the bank will not resume weekly repo funding ahead of its next policy-rate decision on July 23.