Tehran Imposes "Cash Payment" Mechanism for Ships in Hormuz, Sets New Security Fee Standards

 In a new update to navigation procedures in the Gulf region for 2026, the Central Bank of Iran revealed the mechanism for collecting security fees from commercial ships passing through the Strait of Hormuz, emphasizing the requirement for cash currency delivery. The statement issued Thursday noted that fees are imposed according to a risk assessment system and cargo types, setting new standards for trade through the strait. These measures come amid navigation disruptions and political deadlock, as Iran seeks to bolster its foreign currency reserves through revenues from this corridor, through which a significant portion of global energy supplies passes.