"Iran has begun extracting transit fees from commercial ships in the Strait of Hormuz, with payments reportedly reaching as high as $2 million per voyage, creating an informal toll system."
"Shipping through the strait has slowed significantly amid ongoing hostilities, with many vessels avoiding the route entirely or hugging Iran's coastline under tightly controlled conditions."
"At least one tanker operator has already paid approximately $2 million for guaranteed transit, while multiple vessels from countries such as India have successfully crossed under varying arrangements."
"India has publicly pushed back against the fees, asserting that international law guarantees free navigation through the strait, while Gulf producers view the concept of transit charges as a dangerous precedent."
Iran has started charging transit fees for commercial ships in the Strait of Hormuz, with payments reaching $2 million per voyage. This informal toll system lacks standardization and follows reports of Iran accepting payments in yuan. Shipping through the strait has decreased due to ongoing conflicts, with many vessels avoiding the route. Ships must provide ownership and cargo details for passage, often through intermediaries. India and Gulf producers oppose these fees, asserting that international law guarantees free navigation.
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