Iran seeks multibillion-dollar role in Strait of Hormuz reopening as US forbids tolls - report

Iran is seeking to earn billions of dollars from the reopening of the Strait of Hormuz, envisioning a revenue stream exceeding $40 billion per year from security, safety, and environmental services. Officials familiar with the matter told The Wall Street Journal that Tehran is looking to Turkey's management and taxation of the Dardanelles as a model for future operations in the vital waterway.

Tehran has reportedly shared this idea with other Middle Eastern nations and China, aiming for shared responsibility and revenue. This initiative comes after months of severely disrupted shipping through the strait, which connects the Persian Gulf to the Gulf of Oman, significantly impacting the global economy. The disruption was a result of the war between Iran, the US, and Israel, during which Tehran had effectively halted all shipping, demanding permission for vessels to traverse the passage.

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we don't want tolls.

Following the economic fallout, a US-Iran Memorandum of Understanding (MOU) signed in mid-June reopened the Strait of Hormuz to regular traffic. The MOU stipulates that Iran and Oman will negotiate an agreement for the strait's administration in accordance with maritime law. However, US Secretary of State Marco Rubio recently clarified that Iran would not be permitted to impose tolls on ships passing through.

President Trump has consistently rejected the idea of tolls, and Iran has reportedly informed the US that it is not seeking "tolls, insurance costs, or any other charges of any kind" for ships using the Strait of Hormuz, despite contrary reports.

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Iran has informed the US that, despite troublemaking Fake News reporting to the contrary, there are 'NO TOLLS, NO INSURANCE COSTS, & NO OTHER CHARGES OF ANY KIND BEING SOUGHT OR RECEIVED BY IRAN ON SHIPS TRAVELING THE STRAIT OF HORMUZ,'