Vessels passing through the Strait of Hormuz are paying an average of $1.5 million to $2 million under a newly implemented maritime services plan.
Mohsen Zanganeh, a member of Parliament’s Planning and Budget Commission, confirmed the arrangement on Sunday. The plan is being implemented by a body formed in cooperation with the Ministry of Economy and operating under the supervision of Iran’s Supreme National Security Council.
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Payments are being made through cash, goods, services, cryptocurrencies such as Tether, or barter arrangements. The collected revenues are deposited into the national treasury.
This arrangement comes as Iran continues stricter controls over the Strait of Hormuz in response to the US-Israeli aggression that began on February 28. Tehran has established the Persian Gulf Strait Authority to regulate shipping and prevent hostile countries from using the waterway. Iran has stated it is ready to ease some restrictions if the US lifts its illegal blockade and guarantees an end to aggression.
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