Iran has reportedly started earning revenue by charging transit fees on ships passing through the Strait of Hormuz, one of the most important oil shipping routes in the world. This narrow passage connects the Persian Gulf to global markets, and nearly a fifth of the world’s oil supply moves through it every day.
According to reports, a senior Iranian parliament official confirmed that the first payments have already been received and deposited into the country’s central bank. While the exact amount has not been shared, the fee is said to depend on factors like cargo type, shipment size, and security risk.
The decision comes at a time of rising tensions between Iran and the United States, along with ongoing concerns about stability in the Gulf region. Some reports suggest that payments may be made in alternative currencies such as Chinese yuan or even cryptocurrency, possibly to avoid restrictions linked to international sanctions.
Experts believe this move could impact global oil prices and shipping costs. Any disruption or added cost in the Strait of Hormuz can quickly affect energy markets worldwide.
This step may increase geopolitical pressure and add uncertainty to already volatile global supply chains.
