Iran discloses Strait shipping fees

An Iranian deputy has revealed the imposition of fees ranging from $1.5 million to $2 million on vessels passing through the Strait of Hormuz with Iran's approval, with the collected funds going to the state treasury. Iran insists on its right to oversee the traffic in the strait, which conflicts with international maritime law, and it has been indicated that these payments are considered revenue for the government rather than official transit fees. Tensions in the strait continue to escalate amid increasing Iranian provocations and a stalemate in dialogue efforts regarding control of one of the most strategic waterways.

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