Shipping Firms Quietly Pay Iran Millions to Navigate Hormuz Corridor

AI Briefing

• – Iran charges select vessels up to $2 million for safe passage through the Strait of Hormuz.
• – The move is seen as a way for Iran to monetize access to the strategic waterway, a key passage for global oil exports.
• – The practice is a departure from previous assertions that Iran does not impose tolls on ships using the strait.