Iran has established a de facto safe shipping corridor in the north of the Strait of Hormuz to select ships, as Tehran sought to monetize its grip over the waterway.
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Officials in Tehran have drafted legislation to create a toll system where ships pay for safe passage through the waterway,…
Traffic through the strait has fallen by 90% since the start of the Iran war, sending global oil prices skyrocketing.
Lloyd's List says ‘de facto toll booth regime’ requires ships to submit full documentation, obtain clearance codes, and accept…
DUBAI: Iran is considering a proposal to levy transit fees on vessels passing through the Strait of Hormuz, a lawmaker said on…
Many of the vessels willing to make the crossing are taking an alternative route through Iranian waters
The Strait of Hormuz has become perilous for oil tankers since Iran claimed control of it during the war. But experts tell Bryony…
