Iran's Strait Passage Fees Have Dropped Significantly

Odaily reported that, according to a recent disclosure by Lloyd's List, some vessels passing through the Strait of Hormuz are required to pay over one hundred thousand US dollars per ship to obtain Iran's passage permit, with fees having significantly decreased compared to the early stages of the conflict. The report, citing shipping security operators, stated that the current single-passage fee for bulk carriers can reach up to 120,000 US dollars, and up to 160,000 US dollars for oil tankers. The specific rates fluctuate based on factors such as vessel type, cargo, and the nationality of the shipowner, representing a notable decline from the 1 million to 2 million US dollars charged per vessel in the early days of the conflict. (Xinhua)