• 2026.11.11 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
[등록] 2026-09-01 15:48:31
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
    • Pet Life
    • Halal Horizon
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Bong-seon's Photo Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > World

Iran Imposes Transit Fees on Strait of Hormuz Amid Escalating Maritime Tensions

Global Economic Times Reporter / Updated : 2026-04-28 08:41:47
  • -
  • +
  • Print


TEHRAN — In a move that threatens to upend global energy logistics and maritime security, Iran has officially begun collecting transit fees from vessels navigating the Strait of Hormuz. By asserting "maritime sovereignty" over one of the world’s most critical chokepoints, Tehran is effectively leveraging its geographical position to counter international pressure and maritime blockades.

Strategic Toll Collection and Financial Infrastructure
Alaeddin Boroujerdi, a member of the Iranian Parliament’s National Security and Foreign Policy Committee, announced on April 27, 2026, that the Central Bank of Iran (CBI) has established dedicated accounts to facilitate these payments. To bypass potential sanctions hurdles and accommodate various international stakeholders, the accounts support four major currencies:

Iranian Rial (IRR)
Chinese Yuan (CNY)
US Dollar (USD)
Euro (EUR)

According to official directives, the Islamic Revolutionary Guard Corps Navy (IRGCN) has been tasked with the direct collection of these fees. Local media reported that the first cash payment was successfully processed on April 23, deposited into a unified account under the Ministry of Economic Affairs and Finance. Notably, the authorities have prioritized physical currency over digital assets for these initial transactions.

Legislative Grounding and Military Enforcement
The imposition of the "transit tax" follows the passage of the "Law on Establishing Iran's Sovereignty over the Strait of Hormuz" by the Iranian Parliament on April 21. This legislation provides the legal framework for Tehran to treat the strait—through which approximately 20% of the world’s petroleum passes—as a sovereign toll zone rather than international waters subject to transit passage.

This escalation is the latest chapter in a volatile conflict that began on February 28, 2026, following preemptive strikes by the U.S. and Israel. In response to those hostilities, Iran initiated a blockade of the strait, which was met by a counter-blockade of Iranian ports by U.S. naval forces.

 
Global Economic and Security Implications
The international shipping community has reacted with alarm, as the Strait of Hormuz is the primary artery for oil exports from Saudi Arabia, the UAE, Kuwait, and Iraq. Analysts warn that this move could lead to:

Increased Energy Costs: Transitioning from free passage to a toll system will inevitably spike global oil prices and insurance premiums for tankers.
Heightened Naval Friction: With the IRGCN directly enforcing collection, the risk of armed confrontations with foreign navies escorting commercial vessels has reached a critical high.
Legal Challenges: The U.S. and its allies are expected to challenge the legality of the fees under the United Nations Convention on the Law of the Sea (UNCLOS), which generally protects the right of transit passage through international straits.
As Tehran solidifies its grip on this maritime gateway, the global community faces a daunting challenge: navigating a new era where the free flow of energy is subject to the geopolitical tolls of a nation under siege.

[Copyright (c) Global Economic Times. All Rights Reserved.]

Global Economic Times Reporter
Global Economic Times Reporter
Reporter Page

Popular articles

  • World Citizens are Flying Directly to Busan... The Era of 4 Million Foreigners is Just Around the Corner

  • Cold Wave and Autumn Chill Hit Korea on "Ipdong": Gangwon -6°C, Seoul Real-Feel -4°C… Rain and Snow Expected in Central Regions on Sunday

  • Restoring Hearing with Genes, Cochlear Implants with Robots: Where Does Hearing Loss Treatment Stand Today?

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065569860916041 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Inha University Caught in Campus Culture Clash Over Proposed Rhee Syng-man Statue Revival
  • Honoring a Legacy: Poet Oh Dong-chun Recognized for Lifelong Dedication to Hangul and Sijo Poetry
  • Bongeunsa Temple to Host 2026 Patriotic Buddhism Cultural Festa
  • South Korea Confronts a Growing Health Crisis as Adult Obesity Rates Surge
  • Pain of Chosei Coal Mine Meets Japanese Readers: Moon Young-sook Publishes Japanese Edition of 'Black Sea'
  • Beyond the Trillion-Dollar Mark: China’s Trade Surplus and the Debate Over Global Economic Dominance

Most Viewed

1
US Army Conducts Rare Temporary Burial Drills to Prepare for Worst-Case Large-Scale War Scenarios
2
World Citizens are Flying Directly to Busan... The Era of 4 Million Foreigners is Just Around the Corner
3
Eating 100g of Baechu Kimchi Daily Linked to Lower High-Cholesterol Risks
4
Meeting Christmas Early!… Busan Dessert Sales Event "Daldal The Market" Held
5
November Shopping Festival Sparks Retail War in South Korea: Where to Find the Best Deals
체리가든 스토리
nutri huevos
로타리
동포저널

Hot Issue

Jensen Huang Faces Shareholder Class Action and Leadership Scrutiny Amid Espionage Allegations Involving Former Associate

Disgraced South Korean Scientist Hwang Woo-suk Becomes UAE Citizen

Is South Korea Heading Toward France's Path? Aging Population and Fiscal Pressures Looming Ahead

Fashion Runway Show 2026

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • News K
  • 반달곰 프로젝트
  • 광고문의
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being 
    • 전체
    • Pet Life
    • Halal Horizon
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Bong-seon's Photo Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Overseas Koreans
  • Multicultural News