Iran and Oman will jointly study charging service 'costs' for passage through the Strait of Hormuz, according to a joint statement reported Tuesday afternoon. The announcement marks a further step in Tehran's push to monetize the strategic waterway, which it manages jointly with Muscat.
Iran and Oman will jointly study the feasibility of charging 'costs' for services provided in the Strait of Hormuz, a joint statement by the two countries said Tuesday afternoon. The announcement, the latest in a series of Iranian-led moves, follows months of signaling by Tehran that it intends to monetize the strategic chokepoint through which roughly 20% of global oil passes.
As The Zioneer has reported extensively since early June, Iran has pursued several avenues to establish control over the strait. Tehran first announced a joint management company with Oman earlier this month, then began reportedly collecting fees of up to $2 million per vessel. Iranian officials have repeatedly insisted on their right to charge for passage, with a negotiating team member warning last week that tolls are final.
Today's statement appears more measured — using the term 'costs' rather than outright 'tolls' or 'fees' — and frames the move as a joint study rather than an immediate implementation. It remains unclear whether Oman, which shares sovereignty over the strait with Iran, has fully endorsed the plan or is seeking to moderate the pace.
- StrongIran: Strait of Hormuz management is solely Iran and Oman's responsibility, toll collection continues
- DevelopingIran Begins Charging Ships for Strait of Hormuz Transit — Up to $2 Million Per Vessel
- DevelopingIran and Oman announce joint management company for Strait of Hormuz
- DevelopingIran and Oman reiterate sovereign rights over territorial waters in Strait of Hormuz
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