Iran deposits first shipping toll revenue from Strait of Hormuz

How the toll system works according to Iranian officials

The first revenue from Iran’s newly imposed tolls on ships passing through the Strait of Hormuz has been deposited into the Central Bank, according to the deputy speaker of Iran’s parliament, Hamidreza Haji Babaei, who confirmed the move to Tasnim News Agency but offered no details on which vessels paid or how much was collected. … Read more