Iran Seeks Law to Charge Toll from Vessels Passing Through the Strait of Hormuz

BlockBeats News, March 26, local time, in the early hours of the morning, the Chairman of the Iranian Parliament's Civil Committee stated, "We are seeking a bill that can legally uphold Iran's sovereignty, dominance, and regulatory authority over the Strait of Hormuz, and can generate revenue for the country through the collection of tolls."

It is reported that the draft of the bill has been prepared but has not yet reached the stage of a complete proposal. It will be submitted to the Parliament's Research Center next week for further study, refined with the participation of the legal team, and submitted after the parliament convenes for follow-up on the proposal. According to the bill, Iran will levy tolls on ships passing through the Strait of Hormuz.

Previously, sources revealed that Iran has begun to charge tolls to some commercial ships passing through the Strait of Hormuz, further indicating Iran's control over this globally vital maritime energy passage. Iran is currently demanding a one-time passage fee of up to $2 million using a temporary method, essentially establishing an informal checkpoint on the waterway.

According to PolyBeats monitoring, the prediction market on Polymarket shows a 34% probability that the "Strait of Hormuz will reopen for navigation by the end of April."