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The Economic Times

Top News / The Economic Times

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How Iran plans to tax oil tankers passing through Strait of Hormuz

Iran is reportedly tightening control over the Strait of Hormuz. Oil tankers may face cryptocurrency transit fees and detailed checks. This move aims to monitor vessel movements during a ceasefire. Shipping companies are pausing operations due to warnings. The situation creates a gridlock with hundreds of ships waiting. Access to the strait remains a critical issue in ongoing negotiations.

8 Apr 2026 9:56 pm