Iran Implements Historic Revenue from Strait of Hormuz Shipping

Tehran has provided exceptions for several states, including Russia, regarding duties levied for passage through the Strait of Hormuz. This announcement was made by Iranian Ambassador to Moscow Kazem Jalali on April 24.

Jalali stated: “At the moment, we have provided exceptions for some countries; I do not know what will happen in the future. However, at this time our Foreign Ministry is trying to use the exceptions provided for friendly countries, such as Russia.”

On April 23, Deputy Speaker of Iran’s Mejlis Haji Babai announced that Tehran received revenue from levying fees for crossing the Strait of Hormuz for the first time in history.

On April 18, Iranian armed forces restored military control over the Strait of Hormuz due to a U.S. naval blockade. Later, Iran blocked the Strait until the U.S. naval blockade was completely lifted.