Islamic regime launches Persian Gulf Strait Authority, ships reportedly start paying tolls
Iran has established the Persian Gulf Strait Authority, imposing tolls on ships transiting the Strait of Hormuz. This move is expected to generate significant revenue, with JPMorgan estimating annual earnings in the 11-figure range. The initiative also introduces stricter oversight of maritime activities in the region.
- ▪The Persian Gulf Strait Authority has been launched by the Iranian regime.
- ▪Ships passing through the Strait of Hormuz are now required to pay tolls.
- ▪JPMorgan predicts that the tolls could generate 11-figure annual revenue for Iran.
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Islamic regime launches Persian Gulf Strait Authority, ships reportedly start paying tollsShips transiting the Strait of Hormuz now face tolls and strict Iranian oversight as Tehran launches the Persian Gulf Strait Authority, with JPMorgan forecasting 11‑figure annual revenue from tolls.Follow us on GoogleVessels in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. (photo credit: Amirhosein Khorgooi/ISNA/WANA (West Asia News Agency) via REUTERS)
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Jerusalem Post | JPost.com.