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

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 a permanent toll on Strait of Hormuz shipping, with fees previously hitting $2M per transit. Here's what it means for oil, inflation, and crypto.

Iran's new tiered Strait of Hormuz transit system prioritizes Russian and Chinese vessels, charges non-allies up to $2M, and accepts Bitcoin and crypto payments.

States may regulate navigation and recover the cost of specific services, but they may not impose a general transit toll in internationally significant waterways.

Iran’s foreign ministry said on Monday that Tehran was collecting fees for “navigational services” on ships transiting the strategic Strait of Hormuz,

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.

TEHRAN, May 25 — Iran’s foreign ministry said today that Tehran was collecting fees for “navigational services” on ships transiting the strategic Strait of Hormuz, rather...

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

L’Iran ha di fatto chiuso il canale marittimo nei primi giorni della guerra e a metà aprile gli Stati Uniti hanno risposto imponendo un proprio blocco ai porti iraniani. Il…

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