The Wall Street Journal reports that Iran expects to earn billions from the reopening of the Strait of Hormuz, estimating that security and escort services in the waterway will yield nearly $40 billion annually for the countries involved, primarily Iran and Oman.
The Wall Street Journal reports that Iran is projecting a major economic windfall from the reopening of the Strait of Hormuz, estimating that security and escort services in the strategic waterway will generate nearly $40 billion annually for Iran and Oman combined. The report, carried by Iranian channels, underscores Tehran's view of the strait as an economic asset rather than merely a security tool.
As The Zioneer has previously reported (June 17), the emerging U.S.-Iran understanding envisions Iran reopening the strait in exchange for sanctions relief and a reconstruction fund. Iranian officials have publicly described the closure — which disrupted 20% of global petroleum traffic — as leverage that secured the deal. The WSJ's new figure provides the first detailed revenue projection from Tehran's perspective.
The estimate, if accurate, would represent a significant boost to Iran's sanctions-constrained economy. The figure covers only security and escort services, not broader trade or oil transit revenues. The report has not been independently verified, and it remains unclear whether the projected $40 billion reflects gross revenue or net profit for the involved states.
- DevelopingReport: Iran drawing up plan for post-closure Strait of Hormuz reopening
- StrongFinal details: US and Iran agree on Hormuz transit center, release of $12 billion
- DevelopingAnalyst: Odds of Iran opening Hormuz immediately upon deal signing 'near zero'
- DevelopingSenior US official: Strait of Hormuz to reopen 'with no tolls' under framework deal with Iran
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- Internal intake