Tankers urged not to pay toll to Iran for use of strait
Tanker firms are being advised not to pay Iran any levies in return for safe passage through the Strait of Hormuz.
Coverage by Political Leaning
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Notable Quotes
"We do not believe the payment of tolls is the right way to go about this."
— Phillip Belcher , Executive
"At the moment the Strait of Hormuz is under the de facto rule of the Iranian military."
— Phillip Belcher , Executive
"The IRGC is a designated terrorist organisation and so the payment of monies to a terrorist organisation should be avoided."
— Phillip Belcher , Executive
"International straits in accordance [with] international law are actually for the use of everyone and that's why no toll restrictions should be imposed."
— Arsenio Dominguez , Executive
"We need safety guarantees."
— Erik Hanell , Executive
"Iran needs to monitor what goes in and out of the Strait to ensure these two weeks aren’t used for transferring weapons."
— Hamid Hosseini , Executive
"We’re thinking of doing it as a joint venture. It’s a way of securing it—also securing it from lots of other people."
— Donald Trump , Politician
"The reported violations undermine the spirit of peace process."
— Shehbaz Sharif , Politician
"There are reports that Iran is charging fees to tankers going through the Hormuz Strait. They better not be, and if they are, they better stop now."
— Donald Trump , Politician
Key People
Secretary-General of the International Maritime Organization (IMO).
Former president of the United States known for his aggressive economic policies.
Chief executive of Swedish tanker firm Stena Bulk.
Hamid Hosseini is a spokesperson for Iran's Oil, Gas and Petrochemical Products Exporters' Union.
JD Vance is a United States Senator from Ohio and a prominent figure in conservative politics.
Representative of Intertanko, a group representing tanker firms.
Shehbaz Sharif is the Prime Minister of Pakistan.
Tags
All Coverage
Tanker firms are being advised not to pay Iran any levies in return for safe passage through the Strait of Hormuz.
Iran has stirred controversy by demanding that oil tankers pay tolls in cryptocurrency to pass through the Strait of Hormuz, a move perceived as trolling former U.S. President Donald Trump, a known crypto supporter with his own $TRUMP meme coin. Although Trump touted a recently negotiated ceasefire with Iran as a diplomatic win, Iran's new toll demand—absent before the conflict—suggests tensions may be resurfacing. Iran insists the toll, set at $1 per barrel and payable in digital currencies, is necessary to monitor shipment activities and prevent illicit weapon transfers during the two-week truce.
U.S. President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. 'There are reports that Iran is charging fees to tankers going through the Hormuz Strait,' Trump wrote on Truth Social. 'They better not be and, if they are, they better stop now.'
U.S. President Donald Trump said on April 9 Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. 'There are reports that Iran is charging fees to tankers going through the Hormuz Strait,' Mr Trump wrote on Truth Social. 'They better not be and, if they ... .'
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