Cash Deposits Confirmed for Strait Transit Fees
Iranian authorities have confirmed receiving payment in physical currency for vessels passing through the Hormuz Strait. The specific currency type has not been disclosed to the public.
On April 23rd, funds were deposited into a dedicated treasury account managed by Iran’s central banking authority. Officials clarified the nature of the payment method but withheld details about the amount and currency denomination.
A spokesperson from the central bank stated: “The payment arrived in cash form. Despite speculative reports from certain media outlets suggesting cryptocurrency would be accepted, this is incorrect.”
Earlier reports from international publications had suggested alternative payment methods might include Chinese yuan or digital currencies like Bitcoin.
Legislative Framework
The parliamentary security and foreign policy committee recently approved legislation establishing sovereignty over the strategic waterway. The law requires vessels to submit documentation and obtain clearance before passage.
According to the legal framework, fees must be paid in the national currency. While official pricing hasn’t been published, industry estimates suggest large tankers could face charges around two million dollars per transit.
The legislation mandates that all maritime traffic obtain proper authorization and complete financial transactions before entering the strait. This marks a significant development in regional maritime policy.
The waterway serves as a critical passage for global energy transportation, making these regulatory changes significant for international shipping operations.