Amid escalating conflict with the United States and Israel, Iran has reportedly begun charging select vessels a hefty transit fee of $2 million (approximately ₹18.8 crore) to pass through the strategically crucial Strait of Hormuz.
The move marks a significant shift in Iran’s approach to controlling one of the world’s most vital maritime chokepoints. Iranian lawmaker Alaeddin Boroujerdi, a member of the parliament’s national security committee, confirmed the development in remarks to state broadcaster Islamic Republic of Iran Broadcasting (IRIB), as cited in reports.
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Describing the decision as part of a new “sovereign regime” in the strait, Boroujerdi said the imposition of such high transit fees demonstrates Iran’s authority and control over the passage. “Collecting $2 million as transit fees from some vessels crossing the strait reflects Iran’s strength,” he stated, adding that wartime conditions necessitate such measures to offset costs.
The Strait of Hormuz is a critical global shipping route through which a significant portion of the world’s oil supply passes, making any disruption or additional cost a matter of international concern.
The announcement comes shortly after a sharp warning from former US President Donald Trump, who reportedly threatened military action if the strait is not reopened. Trump stated that the United States could target Iran’s power infrastructure, warning that key power plants could be destroyed if access through the strait remains restricted.
The development is expected to further heighten geopolitical tensions and could have far-reaching implications for global trade and energy markets.
(This story is published from a syndicated feed)
