Kuwait city: Iran has collected its first revenue from tolls imposed on ships transiting the Strait of Hormuz, one of the world's most crucial routes for global energy supplies, according to Parliament Deputy Speaker Hamidreza Haji Babaei. The announcement was made on Thursday, highlighting a new phase in Iran's strategic control over this vital maritime corridor.
According to Anadolu Agency, Hamidreza Haji Babaei stated that the initial revenues from these transit fees have been deposited into the Central Bank of Iran. This development marks a significant step in Iran's efforts to exert its influence over the Strait of Hormuz, a key conduit for oil transportation.
Lawmaker Alireza Salimi, also speaking to Tasnim News Agency, confirmed that Iran has commenced the collection of fees from vessels passing through the strait. The fees are determined based on the type and volume of cargo and the perceived risk level of each vessel. However, neither the deputy speaker nor the lawmaker provided details on the number of ships that have paid the tolls.
On April 8, it was reported by the Wall Street Journal that Tehran had tightened its control over the vital oil shipping route, requiring ships to arrange toll payments in advance with Iran's Islamic Revolutionary Guard Corps. Payments can be made in cryptocurrency or the Chinese yuan, as part of Iran's broader strategy to circumvent traditional financial systems.
Earlier, on March 19, the semi-official ISNA news agency reported that Iran was considering legislation to mandate countries to pay transit fees for vessels navigating the strategic corridor. This move comes amidst disruptions in shipping through the Strait of Hormuz, following the onset of the US-Israeli war on Iran on February 28. The conflict has significantly impacted global energy markets, raising concerns about long-term economic repercussions.
In a related development, US President Donald Trump extended a ceasefire with Iran after a request from Pakistan. The ceasefire will remain in effect until Tehran provides what President Trump termed a "unified proposal," indicating ongoing diplomatic efforts to address tensions in the region.