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Iran Charges Ships Up to $2M in Strait of Hormuz Transit Fees, Eyes Oil Revenue-Equivalent Gains

GateNews

2026-05-13 13:30:01

According to Reuters, Iran’s military has imposed transit fees of up to $2 million on ships passing through the Strait of Hormuz in recent weeks, citing its control over the strategic waterway. The move comes as U.S. sanctions have severely impacted Iran’s oil export capacity. Shipping brokers confirmed Iran now requires advance permits for all transiting vessels. Iranian military spokesperson Mohammad Akraminia stated on state media Press TV that the transit control arrangement would generate revenue equivalent to twice the nation’s oil income.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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