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12 Articles
Iran has begun to condition maritime transit in the strategic Strait of Ormuz through payments, codes and operational requirements for ships seeking to cross the area. The scheme, described by the industry as a “tollhouse”, obliges oil tankers to provide detailed information, change their flag in some cases and receive escort from the Revolutionary Guard. The measure, which includes charges of up to one dollar per barrel and payments in yuan or …
Iran to demand fees for ships transiting Strait of Hormuz; vows to block U.S. and Israeli ships
Iran will charge a toll for ships passing through the Strait of Hormuz while barring transit through the vital waterway to any vessels linked to the U.S. or Israel, leaders in Tehran said Thursday.
In recent days, the operator of an oil tanker stranded in the Persian Gulf received an interesting proposal: After weeks anchored as missiles and drones passed over, he could finally sail safely through the Strait of Ormuz, escorted by the Iranian Navy. The ‘but’ is that he would first have to change his record and fly the flag of Pakistan, according to an executive of the company who spoke on condition of anonymity to discuss sensitive conversa…
The Strait of Hormuz Remains Open…For Iran
Despite the ongoing conflict in the Persian Gulf, shipping in the Strait of Hormuz remains open…sort of. The Iranians have taken control, requiring ships to get clearance for safe passage.Basically, Iran has set up a protection racket. They’re earning more from transit fees and oil exports than before the war, and all the Chinese ships carrying drone parts and components heading to Iran remain untouched. Even with the significant U.S. military p…
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