(April 7): Iran wants to charge fees for ships to pass through the Strait of Hormuz as part of its proposals to end the war with Israel and the United States after blocking most traffic through the crucial energy waterway for weeks. No such unilateral move to demand fees to traverse a strait has been made in modern history, shipping industry officials said. Could Iran impose fees despite broad international opposition? The UNCLOS maritime convention governing international sea law says states bordering straits cannot demand payment simply for permission to pass through. Egypt and Panama each charge fees to pass through the Suez Canal and the Panama Canal.

Source: The Edge Markets April 07, 2026 16:44 UTC