Representatives of the oil industry held a meeting with senior State Department officials on Wednesday morning, where they raised key concerns. Among the main arguments are the rising costs for each shipment, reaching up to $2.5 million due to transit fees and increased insurance rates. These expenses will inevitably be passed on to end consumers of fuel. Additionally, conceding Iran control over the strait could set a dangerous precedent. Countries like Singapore and Turkey will have grounds to demand tolls for passage through the Malacca Strait and the Bosporus Strait—two vital trade routes. Paying transit fees to Iran could also put companies in violation of U.S. sanctions against Iranian officials, creating serious legal risks. The consultant noted that the administration's response so far does not appear to be a complete rejection of dialogue: "More like, 'Yes, okay, we will take it into account.'" Meanwhile, companies are communicating more cautiously with President Trump himself, given his sensitivity to assessments of the Iran negotiations' success.