'Game on’: How Iran can exact a toll in the Strait of Hormuz

'Game on’: How Iran can exact a toll in the Strait of Hormuz Submitted by Sean Mathews on Fri, 04/10/2026 - 21:44 If the US lifts sanctions on Iran, that will open the path to fee payments, which shippers will gladly pay amid sky-high oil and freight prices Iranians hold national flags beneath a large billboard reading 'The Strait of Hormuz remains closed' as people gather in Tehran's Revolution Square after the US and Iran agreed to a two-week ceasefire, on 8 April 2026 (Atta Kenare/AFP) Off An Iranian marine pilot boards a Greek-owned tanker destined for Japan with Kuwaiti crude oil. The vessel’s captain has already received a clearance code over VHF radio to enter Iran’s territorial waters. The day before, the vessel’s charterer made a six-figure payment in US dollars to a bank in Oman linked to the Iranian government.