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$2 million to transit Strait of Hormuz? Iran clears the air

$2 million to transit Strait of Hormuz? Iran clears the air

The clarification comes after Alaeddin Boroujerdi, a member of Iran's parliament’s national security committee, was quoted as saying that Iran could impose transit fees on ships passing through the strait.

Business Today Desk
Business Today Desk
  • Updated Mar 23, 2026 5:31 PM IST
$2 million to transit Strait of Hormuz? Iran clears the air"Do not represent official position": Iran refutes Hormuz transit fee claims

Iran has denied reports that it is charging merchant vessels $2 million to pass through the Strait of Hormuz, saying such claims do not reflect its official position.

Also read: Trump orders five-day pause on Iran strikes: 'Very good conversations for complete resolution'

The Embassy of the Islamic Republic of Iran in India said on Monday: "In response to certain claims regarding the alleged receipt of a sum of 2 million dollars by the Islamic Republic of Iran from vessels transiting the Strait of Hormuz, it is emphasised that such claims are unfounded."

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"The statements made in this regard merely reflect the personal views of individuals and do not, in any way, represent the official position of the Islamic Republic of Iran."

The clarification comes after Alaeddin Boroujerdi, a member of Iran's parliament’s national security committee, was quoted as saying that Iran could impose transit fees on ships passing through the strait.

Also read: 'Closure of Hormuz is unacceptable': In Lok Sabha, PM Modi outlines India's energy response amid West Asia crisis

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"Now, because war has costs, naturally we must do this and take transit fees from ships passing through the Strait of Hormuz," Boroujerdi said, according to a report by London-based outlet Iran International, which cited remarks made during a television programme carried by Iranian state media.

He described the measure as an assertion of Iran’s authority over the waterway and said it reflected the country's "strength."

Any such move, analysts have said, would complicate shipping operations given existing international sanctions on Iran.

The Strait of Hormuz remains a key route for global energy supplies, carrying about 20 per cent of the world’s oil and liquefied natural gas. Disruptions to shipping through the narrow passage since the escalation of the conflict in early March have affected cargo movement and contributed to rising fuel prices.

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The Iranian embassy’s statement distances the government from the remarks, as uncertainty continues over shipping conditions and access through the strait.

 

 

Published on: Mar 23, 2026 5:28 PM IST
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