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International Business Times UK
International Business Times UK
World
Rohit David

Strait of Hormuz 'Toll Booth' Implemented? Iran Tightens Control with New Fees and Vetting System in Key Oil Chokepoint

Iran implements 'toll booth' in Strait of Hormuz with new fees (For illustration purposes only) (Credit: Bahadir CHIVAN: Pexels)

Iran has effectively introduced a toll booth system in the Strait of Hormuz, requiring vessels to submit detailed documentation for Islamic Revolutionary Guard Corps vetting and, in some cases, pay fees for safe passage through the critical oil chokepoint.

Parliament is now drafting legislation to formalise the arrangement, which shipping analysts have described as a de facto regime already in operation since mid-March. The move comes amid heightened regional tensions and follows a sharp reduction in traffic through the waterway, which normally carries about a fifth of global oil and gas trade.

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