Amid rising tensions in the Middle East, Iran has begun charging a hefty transit fee of USD 2 million (approximately Rs 18.8 crore) on certain vessels passing through the strategically important Strait of Hormuz. The move is being seen as a strong assertion of control over one of the world’s most crucial oil shipping routes during its ongoing conflict with the United States and Israel.

New policy signals assertion of control

Iranian President Masoud Pezeshkian stated on social media that the Strait of Hormuz remains “open to everyone,” but clarified that access may not be extended to Iran’s adversaries. This reflects Tehran’s evolving stance on controlling maritime movement in the region.