First Deposit Confirmed in Central Bank Account
Iranian media outlets have reported that fees collected from vessels passing through the Hormuz Strait have been deposited into the country’s central banking system for the first time.
A parliamentary official confirmed the transaction, though specific amounts and exact timing were not disclosed publicly. According to local news sources, multiple ships have paid the required fees, which were then transferred to a designated government treasury account in accordance with constitutional procedures.
The fee structure varies based on several factors: cargo type, shipment volume, and the level of risk involved in the passage. Officials noted that the government retains full authority to determine both the collection method and scope of application for these charges.
Background on the Strait Closure:
The strategic waterway was blocked by military forces in late February following attacks. Subsequently, selective passage was granted to certain vessels not affiliated with designated opposing nations, with authorities imposing what they termed a “security service fee.”
While no official pricing has been announced, industry estimates suggest oil tankers may be charged around one dollar per barrel, potentially reaching approximately two million dollars for very large crude carriers.
Legislative Development:
The National Security and Foreign Policy Committee recently approved legislation for full parliamentary consideration. This proposed law would formally establish sovereign control over the waterway and create a legal framework requiring ships to submit documentation for transit authorization. Under the bill’s terms, all passage fees must be paid in the national currency.
The strait serves as a critical global energy transport route, making any restrictions or fee requirements significant for international shipping and petroleum markets.