Source: International Business Times
Iran has begun charging some commercial vessels up to $2 million per voyage to pass through the strategically vital Strait of Hormuz, effectively establishing an informal toll on one of the world's most critical energy chokepoints as the US-Iran war disrupts global oil flows and shipping routes. Iranian lawmakers are also drafting legislation to formalize transit fees, framing them as compensation for security and oversight costs in the waterway through which roughly one-fifth of global oil supplies normally pass. While the fees are currently applied on an ad hoc basis rather than systematically, reports indicate that at least some vessels have paid the toll to secure safe passage amid heightened tensions and threats of attacks.
