Iran to Impose Strait of Hormuz Passage Toll...Up to $2 Million per Ship

Iran is moving forward with procedures to impose a service fee—essentially a toll—on vessels passing through the Strait of Hormuz. The amount charged per ship is reported to average between 1.5 million and 2 million dollars.

According to Iran’s semi-official Fars News Agency on June 7 (local time), Mohsen Zanganeh, a member of the Iranian parliament’s Budget and Planning Committee, stated, “Iran has now begun to actively implement its plan to collect service fees from vessels transiting the Strait of Hormuz.”

Fars News Agency also reported that a dedicated organization has been established to carry out the plan in cooperation with the Ministry of Economic Affairs and Finance, under the supervision of Iran’s Supreme National Security Council. The funds collected will be deposited into the Iranian treasury and used for designated purposes.

It is known that a portion of the service fees is being paid in Tether (USDT), a dollar-based stablecoin. Fars News Agency added that in some cases, payments are made in kind or through barter transactions.

Iran is also institutionalizing its management system for the Strait of Hormuz. According to the state-run IRNA news agency, Ahmadreza Rahijanzadeh, Deputy Director General for Marine and Wetland Affairs at the Ministry of Environment, said that the Ministry has begun drafting regulations to collect tolls in the name of providing environmental services within the Strait of Hormuz.

Deputy Director General Rahijanzadeh explained that this measure is intended to systematize maritime services and establish a legal and environmental foundation related to vessel passage.

This content was produced with the assistance of AI translation services.