World · 28 March 2026

Iran Charges $2M Per Ship to Cross Hormuz Strait

Ali khodabakhsh via Wikimedia Commons (CC BY 3.0)

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

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