Strait of Hormuz: Iran confirms first revenues from new tolls on ships

Iran announced that it has begun receiving payments from newly imposed tolls on vessels passing through the Strait of Hormuz, with the money now in the state’s central bank. The move creates a fresh revenue stream for Tehran and could raise shipping costs for companies using the strategic waterway.

Iran has confirmed first revenues from its new tolls on ships transiting the Strait of Hormuz. The Deputy Speaker of Iran’s parliament, Hamidreza Hajibabaei, disclosed this on Thursday at a public gathering in the western city of Kuhdasht. Hajibabaei said that the revenues have been deposited into the state’s central bank account. “We have control […] Strait of Hormuz: Iran confirms first revenues from new tolls on ships