Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Headaches at school? Children need regular eye checks, UAE doctors say

    September 13, 2026

    Saudi Film Commission Participates in the 2026 Toronto International Film Festival

    September 13, 2026

    Meet the Dell 14S: An affordable laptop built for students, college and everyday life

    September 13, 2026
    Facebook X (Twitter) Instagram
    Riyadh Week
    • Home
    • KSA
    • Business
    • Technology
    • Sports
    • Lifestyle
    Facebook X (Twitter) Instagram YouTube
    Riyadh Week
    Home»Business»Iran receives first revenue from Strait of Hormuz tolls, says official
    Business

    Iran receives first revenue from Strait of Hormuz tolls, says official

    Editorial TeamBy Editorial TeamApril 24, 2026
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link


    TEHRAN — A senior Iranian parliament official said on Thursday that Tehran has received the first revenue from tolls it imposed on the strategic Strait of Hormuz in its war with the United States and Israel.

    Hamidreza Hajibabaei, the deputy speaker of Iran’s parliament, the first revenues from Iran’s new tolls on shipping transiting the Strait of Hormuz have been deposited into the state’s central bank account, according to the semi-official Fars News Agency.

    “We have control over this Strait,” Hajibabaei said, speaking at a public gathering in the western city of Kuhdasht.
    “If the United States continues on its current course, no vessels will pass through the Strait of Hormuz,” Hajibabaei said. He added, “We are not engaged in negotiations — rather, we are making demands.”

    Alireza Salimi, another member of the Iranian parliament, confirmed the deposit of the revenues in an interview with the semi-official Tasnim News Agency on Thursday.

    “The amount collected from each ship depends on its cargo and level of risk they pose,” Salimi said, as quoted by Tasnim.

    “Iran determines how much and how these fees are collected, in other words, we determine the rules,” Salimi said.

    The Strait of Hormuz, a key energy chokepoint, has become a major flashpoint since the outbreak of the Middle East war on February 28.

    Iran has allowed only a trickle of ships to pass through the waterway, a route that in peacetime accounts for a fifth of the world’s oil and gas flows, along with other vital commodities.

    Before the announcement of revenue from tolls, Iran’s parliament had been deciding whether to impose them on shipping through the strait, with Iranian officials warning that maritime traffic through the strait would “not return to its pre-war status.”

    On March 30, Iranian state media said the parliament’s security commission had approved plans to impose tolls, but it was not clear if a final parliamentary vote on the proposal had taken place. — Agencies

    Source: Saudi Gazette

    Related Posts

    Zelenskyy says ready to meet Putin at G20 summit in Miami

    September 12, 2026

    14,796 violators of residency, labor and border security laws arrested in a week

    September 12, 2026

    UK reaffirms solidarity with Saudi Arabia during call between foreign ministers

    September 12, 2026
    Top Posts

    Headaches at school? Children need regular eye checks, UAE doctors say

    September 13, 2026

    QBS Software Middle East embeds AI into core operations

    April 1, 2026

    Bosnia’s Barbarez cool as ice after reaching World Cup in shootout with Italy

    April 1, 2026

    Kuwaiti tanker hit by Iranian drone attack in Dubai waters

    April 1, 2026
    Don't Miss

    Headaches at school? Children need regular eye checks, UAE doctors say

    By Editorial TeamSeptember 13, 2026

    As children across the UAE settle into a new school year, parents are ticking off…

    Saudi Film Commission Participates in the 2026 Toronto International Film Festival

    September 13, 2026

    Meet the Dell 14S: An affordable laptop built for students, college and everyday life

    September 13, 2026

    Al-Jouf Date Festival Showcases Regional Varieties, Rural Tourism

    September 12, 2026
    • KSA
    • Business
    • Technology
    • Lifestyle
    • Sports
    • Contact us
    2026. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.