Vessels transiting the strait have experienced a recent uptick, but a lot of uncertainty surrounds new Iranian thinking on imposing "service fees."

Iran and Oman are negotiating permanent Strait of Hormuz transit fees up to $2M per vessel, with Bitcoin and yuan accepted. Revenue could reach $8B annually.

Talks over possible transit and service charges come despite US warnings, as Iran’s blockade disrupts shipping and Tehran seeks new ways to bypass sanctions

Vessels transiting the strait have experienced a recent uptick, but a lot of uncertainty surrounds new Iranian thinking on imposing "service fees."

Iran effectively shuttered the crucial waterway in the early days of the war and in mid-April the US responded by imposing its own blockade on Iranian ports.

Iran announces fees for navigational services in the Strait of Hormuz, clarifying it's not imposing tolls on ships.

Tehran’s move to replace 'tolls' with other forms of charges appears aimed at avoiding accusations of illegally monetising transit