Tuesday, July 7, 2026
34.1 C
New Delhi

Iran Introduces Strait Of Hormuz Transit Tolls, Which Nations Will Have To Pay And How Much?

Iran has reportedly introduced a new transit regime for ships passing through the strategically crucial Strait of Hormuz, raising concerns across global shipping and energy markets. According to shipping industry publication Lloyd’s List, vessels will now be required to obtain prior transit authorisation and pay toll fees before entering the waterway. The move comes amid escalating tensions involving Iran, the United States and Israel, with Tehran signalling it will take a tougher stance while continuing to defend its national interests and regional influence.

New Rules For Ships

Iran has reportedly established a new body called the Persian Gulf Strait Authority (PGSA) to regulate vessel movement through the Strait of Hormuz. Under the new framework, ships must secure approval before transit and comply with regulations issued by Iranian authorities.

According to Lloyd’s List, some shipping operators have already paid millions of dollars in fees to obtain passage clearance. One reported payment was estimated at around USD 2 million. However, Tehran has not publicly disclosed the exact toll structure or clarified which countries will be exempt from the charges.

Iran’s Revolutionary Guards-linked Press TV reported on May 5 that vessels intending to pass through the strait would receive official guidance and regulations through the email address info@PGSA.ir

Also Read: Netanyahu Claims Trump Wants To ‘Go In’ Iran To Remove Enriched Uranium, Warns War ‘Not Over’

Iran Signals Tough Position

Iranian President Masoud Pezeshkian said the country would never “bow before the enemy”, stressing that discussions around dialogue or negotiations should not be interpreted as surrender. He said Iran’s objective remained protecting national interests and defending the rights of the Iranian people.

Iran has previously warned that vessels linked to the United States or Israel could be barred from using the Strait of Hormuz. Ships from countries considered “non-hostile” may still be allowed passage, but only after prior coordination and approval from Iranian authorities.

The Strait of Hormuz is one of the world’s most critical oil shipping routes, handling a major share of global crude exports. Any disruption or additional restrictions in the region could increase shipping costs, affect oil prices and add fresh uncertainty to global trade markets.

Also Read: Trump Rejects Iran’s Response To US Peace Proposal, Calls It ‘Totally Unacceptable’

Go to Source

Hot this week

Stock Markets Rally Ahead, Asian Indices Remain Mixed: Sensex Above 78,400, Nifty In Green

Show Quick Read Key points generated by AI, verified by newsroom Indian markets opened positively, supported by Wall Street gains. Asian markets declined, led by Kospi’s five percent drop. Read More

Snoop Dogg gives ‘Kalyani Remix’ a shoutout

Snoop Dogg gives ‘Kalyani Remix’ a global boost; Saniya Iyappan REACTS with an emotional ‘Grateful’ post ‘Kalyani’ remix has received a major boost after global rap icon Snoop Dogg shared the tra Read More

‘Jana Nayagan’ producer breaks silence on CBFC certification

The wait for Thalapathy Vijay’s ‘Jana Nayagan’ continues as the film is yet to receive its certification from the Central Board of Film Certification (CBFC). Read More

Anurag Basu talks about ‘Satluj’ and Honey Trehan

Anurag Basu comments on the ongoing debate and controversy surrounding ‘Satluj’ and compares Honey Trehan’s plight to Jafar Pahani’s. Read More

Vidhu Vinod Chopra shells out Rs 7.75 crore on Pali Hill apartment

Director and Producer Vidhu Vinod Chopra is the latest celebrity to shell out the big bucks on a real estate deal. Read More

Topics

Stock Markets Rally Ahead, Asian Indices Remain Mixed: Sensex Above 78,400, Nifty In Green

Show Quick Read Key points generated by AI, verified by newsroom Indian markets opened positively, supported by Wall Street gains. Asian markets declined, led by Kospi’s five percent drop. Read More

Snoop Dogg gives ‘Kalyani Remix’ a shoutout

Snoop Dogg gives ‘Kalyani Remix’ a global boost; Saniya Iyappan REACTS with an emotional ‘Grateful’ post ‘Kalyani’ remix has received a major boost after global rap icon Snoop Dogg shared the tra Read More

‘Jana Nayagan’ producer breaks silence on CBFC certification

The wait for Thalapathy Vijay’s ‘Jana Nayagan’ continues as the film is yet to receive its certification from the Central Board of Film Certification (CBFC). Read More

Anurag Basu talks about ‘Satluj’ and Honey Trehan

Anurag Basu comments on the ongoing debate and controversy surrounding ‘Satluj’ and compares Honey Trehan’s plight to Jafar Pahani’s. Read More

Vidhu Vinod Chopra shells out Rs 7.75 crore on Pali Hill apartment

Director and Producer Vidhu Vinod Chopra is the latest celebrity to shell out the big bucks on a real estate deal. Read More

‘Spider-Man: Beyond the Spider-Verse’ gets major update

Producers Phil Lord and Christopher Miller say the long-awaited animated sequel is “deep, deep in” post-production. Read More

Zimbabwe Stun Bangladesh, Defend Just 141 In Unbelievable ODI Thriller

Show Quick Read Key points generated by AI, verified by newsroom Zimbabwe collapsed early, but a vital ninth-wicket partnership reached 141. Zimbabwe’s all-pacer attack pressured Bangladesh defending the small total. Read More

TVK, DMK Exchange Horse-Trading Barbs; Stalin, Top DMK Leaders Mum On Lookout Notice To Senthil Balaji

Show Quick Read Key points generated by AI, verified by newsroom TVK legislators allege DMK attempted government destabilization post-election. Police investigate destabilization plot, issuing lookout for Senthil Balaji. Read More

Related Articles