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Iran slaps ‘Hormuz toll’ as Trump struggles to secure strait: ‘$2 million for...

Published on Mar 23, 2026 09:08 pm IST

Tensions in the Strait of Hormuz are escalating as an Iranian lawmaker claims Tehran has begun collecting transit fees from ships for safe passage. Alaeddin Boroujerdi stated that vessels are paying millions amid rising risks linked to the ongoing U.S.-Iran confrontation under Donald Trump. With global trade routes under pressure and shipping costs surging, concerns are mounting over energy security, maritime stability, and the broader economic fallout. The development raises critical questions about control of strategic waterways and the financial impact of escalating geopolitical tensions.

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