Iran considers levying transit fees on ships in Hormuz Strait, lawmaker says
US-Israel Iran War: Iran is contemplating charging transit fees for ships passing through the Strait of Hormuz. This move could allow Tehran to profit from its control over the vital waterway. Lawmakers are reviewing a bill that would require coun...

Israel Iran War: Strait of Hormuz tax
Since the start of the U.S.-Israeli war on Iran, Tehran has disrupted maritime transit through the strait for vessels it says are linked to its war adversaries and their allies.
Click here for live updates on the US-Israel Iran War
According to the Iranian Students' News Agency, the lawmaker said parliament was considering a bill under which countries using the strait for shipping, energy transit and food supplies would be required to pay tolls and taxes to Iran.
An adviser to Iran's supreme leader said "a new regime for the Strait of Hormuz" will follow the war's eventual end, allowing Tehran to apply maritime restrictions on states that have sanctioned it.
"By using the strategic position of the Strait of Hormuz, we can sanction (the West) and prevent their ships from passing through this waterway," Mohammad Mokhber said on Thursday, according to Mehr news agency.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.