World · 28 March 2026

Iran Charges $2M Per Ship to Cross Hormuz Strait

Iran is formalising a toll system on the Strait of Hormuz, charging ships up to $2 million per passage. Iran's parliament is drafting a bill to legalise the fees, framing them like Suez Canal-style transit charges. Traffic through the strait has fallen 90%, sending oil prices above $112 and threatening global energy markets.

By BriefTea Editorial · 28 March 2026 at 15:38

Reported by Cable News Network · How we write briefs

Get the app

More briefs

WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy WorldIceland votes against restarting talks on joining the EU WorldArizona desert deaths of 19 migrants last month hit a two-year record WorldFar-right party wins first lower-house seat in Western Australia WorldMasked Israeli settlers attacked homes in West Bank's Qusra on Saturday WorldCanada installs giant sign after Trump renames Lake Ontario More world stories → Browse all stories →