Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah in the United Arab Emirates. File | Photo Credit: Reuters Iranian state media reported Monday (March 30, 2026) that a parliamentary commission had approved plans to impose tolls on vessels transiting the Strait of Hormuz, a waterway vital to oil and gas shipments that has been effectively closed due to the war in West Asia. Citing a member of the Parliament’s security commission, state TV said the plan involved, among other things, “financial arrangements and rial toll systems” and “implementing the sovereign role of Iran”, as well as cooperation with Oman on the other side of the Strait. It also included the “prohibition of Americans and the Zionist regime from passing through”, as well as a ban on other countries imposing sanctions on Iran. Around a fifth of global crude oil and liquefied natural gas passes through the Strait of Hormuz in peacetime. Since the war began, crossings have plummeted by around 95%, according to maritime intelligence firm Kpler, with the impact felt across global energy markets. Published – April 01, 2026 10:00 am IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation A temple city that longs for district status, infrastructure push ahead of Mahamaham in 2028 Mumbai sees flat growth in property registrations in March 2026