Iran and Oman in talks to impose permanent transit fees on Strait of Hormuz shipping
Iran and Oman are negotiating a permanent transit fee system for the Strait of Hormuz, which could generate significant revenue. The proposed toll system may allow payments in Bitcoin and yuan to bypass sanctions. This arrangement would grant both countries regulatory powers over shipping traffic in the strait.
- ▪The Strait of Hormuz is crucial for global oil and LNG trade, accounting for about 20% of seaborne shipments.
- ▪Iran has been charging fees as high as $2 million per vessel, with some payments already accepted in cryptocurrency or yuan.
- ▪The proposed framework includes a 10-point plan that allows Iran and Oman to veto shipments they consider hostile.
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Iran and Oman in talks to impose permanent transit fees on Strait of Hormuz shipping The proposed toll system could generate up to $8 billion annually, with Iran reportedly accepting Bitcoin and yuan as payment to sidestep sanctions. Share Add us on Google by Editorial Team May. 21, 2026 (function () { var s = document.currentScript; var wrapper = s && s.closest ? s.closest('.cb-sevioads-inarticle') : null; var inMobile = wrapper && wrapper.closest('#mobile-articles'); var inDesktop = wrapper && wrapper.closest('#desktop-articles'); if (inMobile || inDesktop) { var isDesktopVp = window.matchMedia('(min-width: 768px)').matches; var matches = (inMobile && !isDesktopVp) || (inDesktop && isDesktopVp); if (!matches) { var sevioDiv = wrapper.querySelector('.sevioads'); if (sevioDiv)…
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