TBM Report
In a significant escalation of maritime control, Tehran has imposed new restrictions and transit fees on all vessels navigating through the Strait of Hormuz. Amidst ongoing sanctions between the U.S. and Iran, the strategic waterway—responsible for nearly one-fifth of global oil transit—is now under the direct administrative oversight of the newly formed “Persian Gulf Strait Authority” (PGSA). Ships are now required to obtain prior clearance and pay specific tolls to traverse the narrow passage.
The renowned shipping journal Lloyd’s List reports that the PGSA has introduced a “Vessel Information Declaration” form. This mandatory documentation requires maritime operators to answer over 40 detailed questions, covering vessel ownership, insurance, crew details, cargo descriptions, and exact navigational routes. Tehran has emphasized that this measure is intended to assert its sovereign rights over the waterway, warning that vessels complying with U.S. sanctions against Iran will face severe difficulties in securing transit approval.
While countries like India and Pakistan are actively engaging in diplomatic dialogues with Tehran to ensure safe passage for their flagged vessels, Iran has signaled that ships linked to the United States and Israel will be denied entry. The military command in Tehran reiterated that this control serves as a defensive mechanism against foreign intervention. Supreme Leader Mojtaba Khamenei’s office stated that dominating the Hormuz passage is a key element in building a “Strong Iran” and neutralizing Western economic pressure.
The move has drawn sharp condemnation from Washington. The Trump administration has advised global shipping companies to ignore the toll requirements and is reportedly working with Bahrain on a UN resolution against Iran’s actions. However, Russia has indicated it might exercise its veto power to block any such resolution. As a direct consequence of this administrative blockade, global oil prices have surged by 4%, raising concerns about a potential global economic slowdown.
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