Iran Moves to Introduce Transit Fees in the Strait of Hormuz

Iran is preparing to implement a significant new policy regarding the Strait of Hormuz, one of the world’s most vital maritime chokepoints. A legislative proposal introducing transit fees for vessels passing through the strait has been approved by the Iranian Parliament’s National Security Commission, marking a key step in the legislative process.

According to reports, the proposal goes beyond financial measures and incorporates broader political and strategic elements. It includes plans to charge transit fees in Iran’s national currency, the rial, while also introducing restrictions targeting specific countries.

The proposal reportedly outlines a ban on vessels linked to the US and Israel, as well as restrictions on countries participating in unilateral sanctions against Iran. Additionally, it emphasizes strengthening Iran’s sovereignty over the strait and expanding the authority of its armed forces in the region.

Beyond security concerns, the proposal also addresses maritime safety, environmental protection, and legal cooperation with Umman. This comprehensive framework reflects Iran’s intention to enhance its control over the strategic waterway from multiple angles.

Before becoming law, the proposal must still pass through several stages, including approval by the full parliament, review by the Guardian Council, and final ratification by the President.

Iranian officials have previously indicated that certain vessels are already subject to transit fees, with charges reportedly reaching up to $2 million in some cases. The new legislation aims to formalize and expand this practice.

If enacted, the policy could have far-reaching implications for global trade routes and energy markets, given the strategic importance of the Strait of Hormuz.