Iran Begins Collecting Tolls in Strait of Hormuz Amid Ongoing Conflict
Iran Receives First Revenue From Strait of Hormuz Tolls Amid War: Report
Times Now NewsImage: Times Now News
Iran has started collecting tolls from ships passing through the Strait of Hormuz, a vital waterway for global oil transport, amid escalating tensions with the United States and Israel. The first revenues have been deposited into the Central Bank, marking a significant development in the ongoing conflict.
- 01Iran has begun collecting tolls in the Strait of Hormuz, a key energy passage.
- 02The first revenue has been deposited into Iran's Central Bank.
- 03The Strait of Hormuz is crucial for global oil and gas transport, with 20% of the world's supply passing through.
- 04Tensions have escalated in the region since the outbreak of the Middle East war.
- 05Multinational efforts are underway to ensure safe navigation through the strait.
Advertisement
In-Article Ad
Iran has reportedly received its first revenue from tolls imposed on the Strait of Hormuz, a strategic waterway that connects the Persian Gulf to the Gulf of Oman and facilitates approximately 20% of the world's oil and liquefied natural gas transport. The announcement was made by Hamidreza Hajibabaei, the deputy speaker of Iran's parliament, who stated that the funds have been deposited into the Central Bank. This development comes amid heightened tensions in the region, particularly following the outbreak of conflict involving the United States and Israel on February 28. Iran has blocked the strait to U.S. and allied vessels while allowing ships from friendly nations to pass. Despite U.S. President Donald Trump's calls for Iran to reopen the strait, Tehran has vowed to maintain its tolls and has indicated that maritime traffic will not return to its pre-war status. Discussions among Britain, France, and military planners from over 30 countries are ongoing to secure navigation through this critical chokepoint.
Advertisement
In-Article Ad
The tolls imposed by Iran may lead to increased shipping costs for vessels passing through the Strait of Hormuz, potentially affecting global oil prices and trade routes.
Advertisement
In-Article Ad
Reader Poll
Do you think tolls in the Strait of Hormuz will impact global oil prices?
Connecting to poll...
More about Iranian Parliament
Read the original article
Visit the source for the complete story.



