Why does the American Petroleum Institute oppose tolls on the Strait of Hormuz, according to CEO Mike Sommers?

The American Petroleum Institute opposes tolls or transit fees for vessels crossing the Strait of Hormuz because, as CEO Mike Sommers stated, it is unlikely the group would support any new tolling authority—especially one 'backed up by the threat of more bombing in the Strait of Hormuz.' He emphasized that Iran must not be allowed to control the waterway, particularly given its chokehold on the strait since U.S. and Israeli bombing began in February, which has contributed to soaring oil prices. Sommers stressed that increasing vessel movements through the strait is key to restoring oil market normalcy, and introducing tolls under such coercive conditions would undermine freedom of navigation and energy security.

What specific policy recommendations did Mike Sommers make to U.S. Congress regarding the Strategic Petroleum Reserve (SPR)?

Mike Sommers recommended that U.S. Congress consider investing in upgrading the U.S. Strategic Petroleum Reserve (SPR), noting that existing SPR caverns were designed for fast drawdowns but are difficult to refill and maintain. He also urged Congress to consider opening new SPR sites along the U.S. West Coast—a proposal previously explored during President Donald Trump’s administration before the start of the Iran war. These recommendations stem from the current strain on global oil supplies, as the U.S. and other top oil consumers have been drawing crude and fuel from inventories at a record pace amid disruptions linked to the Strait of Hormuz crisis.

Top US Oil Trade Group Opposes Hormuz Tolls After Gulf-Backed Fee Proposal

Jul 28, 2026

The American Petroleum Institute opposes proposed tolls on the Strait of Hormuz amid rising tensions, warning against new transit fees backed by Gulf states. API CEO Mike Sommers also urged Congress to upgrade the Strategic Petroleum Reserve to ensure market stability.

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Top US Oil Trade Group Opposes Hormuz Tolls After Gulf-Backed Fee Proposal

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