The risks of Iran’s threat to control the Strait of Hormuz
Iran is attempting to assert control over the Strait of Hormuz by proposing a fee for passage, which conflicts with international shipping laws. This move has raised concerns within the shipping industry, especially as many vessels remain stranded in the Persian Gulf due to ongoing conflict. Analysts suggest that Iran's actions could have long-term implications for global trade and navigation rights.
- ▪Iran is trying to formalize its control over the Strait of Hormuz by charging a fee for passage.
- ▪The proposal violates international shipping rules that prohibit charging for safe passage through international waterways.
- ▪The U.S. has warned ship operators against making payments to Iran, complicating the feasibility of Iran's plans.
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For subscribersThe risks of Iran’s threat to control the Strait of HormuzSign up now: Get ST's newsletters delivered to your inboxVessels in the Strait of Hormuz, Iran, on May 22.PHOTO: REUTERSJenny GrossPublished May 23, 2026, 04:20 PMUpdated May 23, 2026, 04:20 PMLONDON – Iran is trying to formalise – and monetise – its control over the Strait of Hormuz, previously a transit point for one-fifth of the world’s oil and gas, by charging a fee for passage.What Iran is proposing violates the rules on which international shipping is based, which hold that countries cannot charge for safe passage through international waterways, and is unlikely to succeed, analysts say.Still, it is unsettling the shipping industry, heaping more uncertainty on companies with vessels and workers who have been…
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