LOADING ERROR LOADINGFRANKFURT, Germany (AP) — Iran appears to be setting itself up as the gatekeeper for the Strait of Hormuz, the world’s most important artery for oil shipments. Lloyd’s List says tolls are paid in yuan, China’s currency“Iran’s IRGC has imposed a de facto ‘toll booth’ regime in the Strait of Hormuz,” says shipping information firm Lloyd’s List Intelligence. Cargo ships sail in the Arabian Gulf towards Strait of Hormuz in United Arab Emirates, Thursday, March 19, 2026. AdvertisementIran’s parliament appears to be working on a bill to formalize fees for some ships in the Strait of Hormuz, local media reported. When Iran holds Hormuz hostage, every nation pays the ransom, at the gas pump, at the grocery store and at the pharmacy,” he said.

Source: Huffington Post March 27, 2026 21:06 UTC