Iran starts charging selected vessels for Hormuz passage

The charges, which can reportedly reach up to $2 million per voyage, are being applied selectively rather than through a formal system. Several vessels are said to have already made payments to secure safe passage.
This development comes as vessel traffic through the strait remains extremely limited in the fourth week of the Middle East conflict. Only a small number of non-Iranian-linked ships have recently crossed Hormuz, with many choosing to stay close to Iran’s coastline during transit.
Industry participants note that the lack of clarity around who may be charged, how payments are collected, and under what conditions they apply is increasing uncertainty for shipowners and cargo buyers attempting to maintain energy flows.
India, which recently facilitated the passage of four LPG cargoes from the Gulf, has stated that international maritime law does not permit any country to impose transit charges through the Strait of Hormuz.
Meanwhile, Iranian officials have previously indicated that such payments could be formalized in the future. A parliamentary proposal has been discussed that would require foreign vessels to pay Iran for secure navigation through the strait following the conflict.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
Related on the Wire
- Crude·Tuesday, 22 September 2026
Brent Slips Below $100 as Iran Hormuz Reopening Reports Ease Supply Concerns
Oil prices continued to move lower on Tuesday, with Brent crude dropping below the $100/bbl level as reports that Iran could reopen the Strait of Hormuz within seven days reduced concerns over prolonged disruptions along the key global oil shipping route. Iran has reportedly i…
Read story - Crude·Tuesday, 8 September 2026
Brent Approaches $100 as US-Iran Tensions Reignite Hormuz Supply Concerns
Oil prices continued their upward move on Tuesday, with Brent nearing the $100/bbl mark as renewed US-Iran hostilities brought fresh concerns over potential disruptions through the Strait of Hormuz. Stronger Chinese crude purchases also supported the market, while traders awai…
Read story - Crude·Monday, 7 September 2026
Oil Prices Rise Further as US-Iran Tensions Disrupt Hormuz Shipping
Oil prices continued to climb at the start of the week as renewed US-Iran attacks on vessels around the Strait of Hormuz intensified concerns over prolonged disruptions to Middle Eastern crude supplies. The latest developments came after OPEC+ kept its October production polic…
Read story - Crude·Thursday, 22 October 2026
US Blockade Leaves Iran’s Floating Oil Stocks Near Exhaustion
Iran’s oil held in floating storage has nearly been depleted amid the US naval blockade, according to a report by the *Wall Street Journal*, citing data from Kpler. The decline could add further pressure to global oil supplies as Iranian crude shipments face increasing restric…
Read story