Iran Imposes $2 Million Fee on Ships Passing Through Strait of Hormuz

Tehran has begun charging some tankers and ships a $2 million fee to transit the Strait of Hormuz, a critical waterway for global oil supply. The move, announced on March 23, 2026, by Alaeddin Boroujerdi, a member of the Iranian Parliament’s Commission on Foreign Policy and National Security, signals a new approach to controlling the strategic strait.

New Governing Regime in the Strait of Hormuz

Boroujerdi stated that the fee reflects a “new sovereign regime” in the Strait of Hormuz, adding that “war costs money” and Iran is exercising its authority by charging for passage. Deccan Chronicle reported on this development.

Threats and Retaliation

The announcement comes amidst heightened tensions in the region. Boroujerdi warned that Israel’s energy infrastructure is within striking distance in response to a previous threat from former U.S. President Trump to destroy Iranian power plants if Tehran blocked the strait. He stated, “We can destroy everything in one day.”

Restricted Passage

Iran’s representative to the UN’s International Maritime Organization (IMO), Ali Mousavi, announced on March 22, 2026, that the Strait of Hormuz remains open to all ships except those linked to Iran’s “enemies.” Instagram reported on this restriction.

Establishment of a “Safe Corridor”

Reports from Lloyd’s List and the Financial Times indicate that Iran has established a “safe corridor” for approved carriers passing through Iranian territorial waters near Larak Island. The Islamic Revolutionary Guard Corps (IRGC) conducts visual identification of ships along this route.

Negotiations with Several Countries

Several countries, including India, Pakistan, Iraq, Malaysia, and China, are reportedly in direct negotiations with Tehran regarding the passage of their tankers. However, the payment mechanism remains unclear due to existing sanctions against Iran.

About Alaeddin Boroujerdi

Alaeddin Boroujerdi has been a member of the Iranian Parliament since 2024, and previously served as a member between 2000 and 2020. He currently heads the Islamic Consultative Assembly’s Commission on Foreign Policy and National Security. Wikipedia provides further biographical information.