Iran appears to be setting itself up as the gatekeeper for the Strait of Hormuz, the world's most important artery for oil shipments. Iranian communications to the United Nations maritime authority and the experience of ships transiting the Strait suggest the creation of something akin to a "toll booth." Only about 150 vessels, including tankers and container ships, have transited since March 1, according to Lloyd's List Intelligence shipping information firm. 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. Iran's parliament appears to be working on a bill to formalize fees for some ships in the Strait of Hormuz, local media reported.

Source: The Telegraph March 27, 2026 00:29 UTC