Iran is charging ships $2 million to transit the Strait of Hormuz. The IRGC toll system, safe passage countries, oil price impact, and what it means for Saudi Arabia and global trade. March 28, 2026 DUBAI — Iran has begun charging commercial vessels up to $2 million per voyage to transit the Strait of Hormuz, Bloomberg reported on March 24, transforming the world’s most critical maritime chokepoint into a wartime toll road controlled by the Islamic Revolutionary Guard Corps. The ad hoc fee regime, confirmed by an Iranian lawmaker on state television, marks the first time a nation has imposed … Continue reading Iran Demands $2 Million Per Ship to Cross the Strait of Hormuz