Iran has begun charging some oil tankers a $2 million transit fee to pass through the Strait of Hormuz, marking a significant escalation in its control over this critical global shipping route, according to Iranian lawmaker Alaeddin Boroujerdi, who spoke to state broadcaster IRIB on Sunday [1]. Boroujerdi described the toll as a demonstration of Iran's strength and a new 'sovereign regime' in the strait, stating that the measure has already been implemented [1]. He emphasized that collecting transit fees is necessary due to the costs of war and reflects a shift in Iran's approach to managing the waterway [1].
The Strait of Hormuz is a vital corridor for global energy supplies, typically handling about 20 million barrels of oil per day and approximately 20% of global liquefied natural gas trade [1]. Recent actions by Iran have led to a near collapse in traffic, with only 16 AIS-visible crossings recorded in the past seven days, according to maritime intelligence firm Windward AI [1]. Gulf energy exports, including crude and LPG flows, are at recent lows, and vessels are increasingly rerouting through Iran's territorial waters under stricter controls [1]. Despite these disruptions, Iranian exports remain active, supported by alternative routing and sustained on-water volumes [1].
Iranian officials have stated that the strait remains open to all except Iran's adversaries and those who violate Iranian soil, as reiterated by Tehran’s permanent representative to the International Maritime Organization, Ali Mousavi, and President Masoud Pezeshkian [1]. Lloyds List reported that Iran has established a de facto 'safe' shipping passage, offering vetted tankers passage in exchange for approval and, in at least one case, a $2 million payment [1]. Several governments, including China, India, Pakistan, Malaysia, and Iraq, are in talks with Tehran regarding ship transit as Iran’s Revolutionary Guard implements a new system to register 'approved' vessels for safe passage [1].
The situation has prompted a strong response from the United States. President Donald Trump warned that if Iran does not fully reopen the strait within 48 hours, the U.S. will target and obliterate Iran's power infrastructure, starting with the largest power plant [1]. This threat underscores the high geopolitical tensions and potential for further escalation, which could significantly impact global energy markets [1].
CONCLUSION
Iran's imposition of a $2 million tanker toll and increased control over the Strait of Hormuz has led to a sharp decline in shipping traffic and energy exports, raising concerns about global oil supply disruptions. The U.S. has issued a stern warning, heightening geopolitical risks and market uncertainty. The ongoing negotiations and alternative routing suggest continued volatility for energy markets.