The Economic Times

Iran seeks long-term role in managing Strait of Hormuz, eyes billions in annual fees

Iran is proposing new charges for security and services in the Strait of Hormuz, aiming to generate significant revenue and reshape its management post-conflict. Tehran is seeking regional backing, drawing parallels to Turkey's Dardanelles model. However, the US vehemently opposes this, asserting no nation can charge for international waterways. While a temporary truce guarantees toll-free passage, Iran's role in future administration is being negotiated.