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The Economic Times

National / The Economic Times

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Iran Hormuz 'toll booth': legally risky route for shippers

Iran has effectively closed the Strait of Hormuz, a vital global trade route, in retaliation for strikes by the US and Israel. A select few vessels are now crossing daily, some paying a $2 million Tehran Toll Booth fee for an Iranian-approved route. Governments are reportedly negotiating directly with Tehran for approved passage.

25 Mar 2026 9:44 pm