Strait of Hormuz: Ship-tracking data from Kpler, Lloyd’s List Intelligence and Signal Ocean has revealed that only 7 ships passed via the strategic Strait of Hormuz in the last 24 hours against a daily flow every day of about 140 ships. They included 6 dry bulk carriers and 1 oil products tanker.
The Islamic Revolutionary Guard Corps of Iran told vessels to sail via Iranian water around the pivotal Larak Island. This development happened as IRGC has planted naval mines in the usual shipping lanes of the strait. Ships have been advised to enter north of Larak Island and exit just south of it until further communication is issued by IRGC.
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Ambrey, a British maritime security firm, issued a warning that risks still persist for vessels that have not been authorized by Iran, especially those with Israel or USA affiliations. In another development, Abu Dhabi National Oil Company (ADNOC) CEO called on the Islamic Republic of Iran to open the strait unconditionally.
Toll Demands And Crypto Payments
According to several media reports, Iran would be charging a transit toll of $2 million per vessel. Tehran is likely to demand Cryptocurrency payments for retaining control over the Strait of Hormuz during the 2-week ceasefire period.
The UN’s International Maritime Organization condemned the tool and remarked that no international agreement allows transit tolls via international straits. It added that Iran’s toll could set a bad precedent. Ships passing through the Strait of Hormuz would be required to pay $2 million for every trip that could increase the final pricing of oil across the globe.
In another development, US President Donald Trump has warned Iran not to charge tolls. Trump added that Tehran is doing a poor and dishonourable job and also commented that this is not the agreement that we agreed upon.
