As tensions escalate in West Asia and key maritime routes come under increasing strain, new details have surfaced about how shipping traffic is being managed through the strategically vital Strait of Hormuz, a chokepoint for global energy supplies.
A report claims that Iran charged a private oil tanker company $2 million to ensure safe passage through the Strait of Hormuz.
According to a report by Lloyd’s List, Tehran has established a “secure” shipping corridor within its territorial waters, allowing pre-approved vessels to pass through in exchange for clearance.
The report adds that several countries, including India, Pakistan, Iraq, Malaysia, and China, are coordinating transit arrangements directly with Iranian authorities.
Officials linked to the Islamic Revolutionary Guard Corps are said to have introduced an emerging registration system for vessels seeking approval, enabling them to navigate the strait safely.
