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Iranian lawmaker Alaaddin Boroujerdi said the country has begun charging some vessels up to $2 million to pass through the Strait of Hormuz.
Speaking on a television program, Boroujerdi, a member of Iran’s parliamentary National Security and Foreign Policy Commission, said Iran has adopted what he described as a new understanding of sovereignty in the strategic waterway after 47 years.
He said the collection of transit fees from some ships passing through the strait demonstrates Iran’s power.
Boroujerdi said the policy reflects Tehran’s approach to managing traffic through the Strait of Hormuz, one of the world’s most critical energy routes.
Separately, Mohammad Mokhber, an adviser to Iran’s Supreme Leader, said, “We will define a new system for the Strait of Hormuz,” without providing further details.
Before the conflict began on Feb. 28, roughly 20% of global oil and energy shipments passed through the Strait of Hormuz.
Disruptions to the waterway have pushed oil prices close to $120 per barrel at peak levels, with Brent crude trading around $114 per barrel as of Thursday.
European natural gas markets have also reacted sharply, with futures at the Netherlands-based TTF hub more than doubling to above €70 ($80.14) per megawatt-hour at their peak.
Prices later eased to around €63.5 per megawatt-hour on Thursday, reflecting continued volatility linked to the situation in the strait.
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