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Iran tightens Strait of Hormuz permits, fees as shipping drops

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Story summary
  • Iran has tightened control over the Strait of Hormuz, requiring transit permits and 5-7% cargo-price fees.
  • About 1,000 ships have used night “dark transit” passages, disabling AIS to evade Iranian tracking.
  • Tanker charter rates in the Hormuz rose to roughly US$400,000 per day, four times pre-war levels.
  • Kpler data show only six cargo vessels passed through the Strait on Tuesday, half the 10-day average.