Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah in the United Arab Emirates. File
| Photo Credit: Reuters
Iranian state media reported Monday (March 30, 2026) that a parliamentary commission had approved plans to impose tolls on vessels transiting the Strait of Hormuz, a waterway vital to oil and gas shipments that has been effectively closed due to the war in West Asia.
Citing a member of the Parliament’s security commission, state TV said the plan involved, among other things, “financial arrangements and rial toll systems” and “implementing the sovereign role of Iran”, as well as cooperation with Oman on the other side of the Strait.
It also included the “prohibition of Americans and the Zionist regime from passing through”, as well as a ban on other countries imposing sanctions on Iran.
Around a fifth of global crude oil and liquefied natural gas passes through the Strait of Hormuz in peacetime.
Since the war began, crossings have plummeted by around 95%, according to maritime intelligence firm Kpler, with the impact felt across global energy markets.
Published – April 01, 2026 10:00 am IST
