Iran Plans to Charge Vessels For Transit Through Strait of Hormuz; US Rejects

Rafia Tasleem | June 26, 2026 | 02:14 PM IST | Breaking News, Politics, World | Follow on Google News

Iran Plans to Charge Vessels For Transit Through Strait of Hormuz; US Rejects

Tehran, June 26, 2026 [VoM News]: Iran is weighing charging passage fees for vessels transiting the Strait of Hormuz, a measure which it believes could raise up to $40 billion annually in service and transit charges.

Following recent agreement between Iran and the U.S. Which resumed navigation thru the strait, Iran is reportedly debating charging usage fees and has spoken to China and Persian Gulf nations about the idea.

Neighboring nations along the strait have also been approached and invited to co-share revenues should Iran pursue this plan. The United States, however, has strongly objected to the proposal, with Marco Rubio asserting that allowing one nation to charge transit fees for an international waterway would create an alarming precedent against the principle of free movement of international shipping.

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Rubio added that there is no support from Gulf neighbors, with Oman (co-governing the Strait) also rejecting any form of payment, with foreign Minister Badr Albusaidi stating that “The waters are the waters and that should remain. They should remain free for transit by all.”

Iran cites the example of Turkey’s practices at the Dardanelles (under the Montreux Convention Regarding the Regime of the Straits) as justification, saying they already allow payments for various services to ships.

Roughly 20 percent of global oil oil passes through the Strait of Hormuz.

Rafia Tasleem

Rafia Tasleem is a seasoned journalist from Moradabad, Uttar Pradesh, recognized for her expertise in content writing, investigative research, fact-based reporting, strategic media planning, presentation and lot more. With experience working for both national and international news organizations, she brings a deep understanding of media dynamics. Holding a Master’s in Communication and Media Studies from Aligarh Muslim University, she has been contributing to VoM News for the past two years. For inquiries, contact rafiatasleem@seashell-clam-300365.hostingersite.com.