1 Day
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بوابة الشروق
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Fars: Vessel fees in Hormuz Strait
Iran's Fars News Agency reports that Tehran has begun imposing fees ranging from $1.5 million to $2 million on each vessel passing through the Strait of Hormuz. This is part of a management plan for the strait comprising 12 provisions, in collaboration with the Ministry of Economy and under the supervision of the Supreme National Security Council. The amounts are deposited into the general treasury and allocated for specific purposes, with the possibility of offering goods or services in lieu of cash payments. Iran confirmed that these fees are intended to compensate for services provided, such as assistance in navigation, search and rescue operations, and are part of a legally grounded effort to reinforce Iranian sovereignty over the strait.
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