Iran has reportedly begun collecting transit fees of up to $2 million from selected vessels crossing the Strait of Hormuz, marking what officials describe as a new assertion of sovereignty over one of the world’s most critical energy corridors.
A senior member of Iran’s parliamentary National Security and Foreign Policy Committee stated that the move reflects Tehran’s growing leverage in the region, framing the policy as a demonstration of strength after decades of geopolitical tension surrounding the strait.
The development comes as Iran continues to restrict access to the waterway, which typically facilitates the flow of around 20 million barrels of oil per day and a significant portion of global LNG trade. The disruption has already triggered a surge in shipping costs, insurance premiums, and oil prices, raising alarm across global markets.
The situation is unfolding against the backdrop of intensifying military confrontation. Since late February, a large-scale offensive by the United States and Israel has led to significant casualties, prompting Iran to respond with drone and missile strikes targeting multiple countries hosting US military assets.
This evolving dynamic underscores growing concerns over energy security, freedom of navigation, and the broader stability of international trade routes.
Source: TRT Africa
