Iran’s $2 Million Strait Fee Raises Alarm for Indian Shipping

Brief By Hindustan Times / 3:55 PM on 10 Apr 2026

Iran is reportedly charging up to $2 million for ships crossing the Strait of Hormuz, escalating concerns for global trade and Indian vessels. While India maintains there is no official discussion with Tehran, it continues advocating free and safe navigation. The strategic waterway remains critical, handling a significant share of global oil shipments daily.