News · 22 May 2026
Iran wants $2 million toll for Hormuz ships
Unsplash / Planet Volumes
A permanent toll system for the Strait of Hormuz could formalise Iran's control over maritime traffic, a vital channel for global commerce. Iran and Oman are discussing this plan, with Oman reportedly agreeing to share revenues from passing vessels. US officials, including Marco Rubio, oppose the idea, as Iran has proposed charging around $2 million for each tanker.
Reported by Independent · How we write briefs