The Iranian regime has begun charging tankers $2 million to transit the Strait of Hormuz, a critical global shipping chokepoint, as part of its bid to assert control over the waterway. This move comes amid heightened tensions with the United States and other nations reliant on the strait for oil and gas shipments.

Iran’s New Sovereign Policy

Alaeddin Boroujerdi, a member of Iran’s parliament and its national security committee, confirmed the new transit fee during a state television broadcast.

"Collecting $2 million as transit fees from some vessels crossing the strait reflects Iran’s strength," Boroujerdi stated. He described the measure as part of a "sovereign regime" over the strait, a policy he claims has already been implemented.

Impact on Global Energy Markets

The Strait of Hormuz handles approximately 20 million barrels of oil daily, accounting for roughly 20% of global liquefied natural gas trade. The imposition of these fees has disrupted shipping traffic, with maritime intelligence firm Windward AI reporting a near collapse in strait crossings.

"Only 16 AIS-visible crossings have been recorded over the past seven days," Windward noted, adding that Gulf energy exports continue to decline.

The move has driven up shipping and insurance costs, pushing global oil prices higher and raising economic concerns. While Iranian exports remain active through alternative routes, the broader implications for global energy security are significant.

U.S. Response and Regional Tensions

President Donald Trump has warned Iran to fully reopen the strait within 48 hours or face U.S. strikes on its power infrastructure.

"If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 hours from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!" Trump posted on Truth Social.

Several nations, including China, India, and Pakistan, are reportedly in talks with Tehran regarding ship transit arrangements. Meanwhile, Iran’s Revolutionary Guard has established a system to vet and approve vessels for safe passage, further tightening its grip on the strait.