Aletho News

ΑΛΗΘΩΣ

Iran sets up ‘tollbooth’ system in Strait of Hormuz

The Cradle | April 2, 2026

Iran has formally started enforcing a controlled transit system in the Strait of Hormuz, requiring ships to undergo vetting and pay fees for safe passage, according to a report by Bloomberg on 1 April.

The report describes a system managed by Iran’s Islamic Revolutionary Guard Corps (IRGC), where vessels must submit their detailed information, including ownership, cargo, and crew, to an intermediary for review.

Ships are then screened for links to the US, Israel, or other states Tehran considers hostile, with only those cleared permitted to proceed under escort through a coastal corridor dubbed the “Iranian tollbooth.”

Once terms of passage are agreed, ships receive a permit code and designated route, which they must broadcast to Iranian patrol boats upon approach.

Iran’s parliament has already approved a draft law introducing transit fees and restrictions on vessels linked to the US, Israel, and sanctioning states, pending final ratification.

Negotiations over transit fees reportedly follow approval, with oil tankers typically charged from around $1 per barrel, and payments made in Chinese yuan or stablecoins – cryptocurrencies pegged to hard currency values.

With some tankers carrying up to or above two million barrels of crude, total costs can scale significantly, with at least one tanker having paid around $2 million to secure passage so far.

Iranian economist Hossein Raghfar projects Tehran could earn up to $60 billion annually by formalizing transit tariffs across the strait, describing control of the waterway as a “very powerful tool” that has shifted economic leverage in Iran’s favor.

Meanwhile, Iran’s oil sector is benefiting from the US-Israeli war, with revenues rising as global prices surge and exports continue largely uninterrupted.

Revenues from Iranian Light crude rose to about $139 million per day in March, while exports held near 1.6 million barrels per day (bpd), even as other Gulf producers face disruption.

Several governments, including India, Pakistan, Iraq, Malaysia, and China, are in direct talks with Tehran to coordinate vessel transits through the system

April 2, 2026 - Posted by | Economics, Wars for Israel | , , , ,

Sorry, the comment form is closed at this time.