Iran To Charge To $2 Million From Ships Passing Through Strait of Hormuz Under New Ceasefire Rule

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Last Updated:April 08, 2026, 08:42 IST

Iran approves draft bill to charge 2 million dollars per ship for controlled transit through Strait of Hormuz, funds to rebuild after US and Israeli strikes

After the United States President Donald Trump announced a two-week extension to a full-scale military operation, Iran, under the new ceasefire framework, will charge a $2 million fee from ships passing through the Strait of Hormuz.

According to Reuters, this will be a “controlled transit" system coordinated with the Iranian armed forces.

A draft bill was approved by Iran’s Parliament on Tuesday to formalise the toll. This revenue will go toward rebuilding the country following US and Israeli strikes, AP reported.

First Published:

April 08, 2026, 08:42 IST

News world Iran To Charge To $2 Million From Ships Passing Through Strait of Hormuz Under New Ceasefire Rule

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