WSJ: Iran limits Strait passage to a dozen ships per day

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ME News message: On April 9 (UTC+8), Iran informed mediators that it will limit the number of ships passing through the Strait of Hormuz to about a dozen per day and will charge a toll for passage. Arab mediators said that ships must coordinate passage with Iran’s Islamic Revolutionary Guard Corps. According to data from S&P Global Market Intelligence, only 4 ships were permitted to pass on Wednesday, the lowest level since April. The authorized ships are currently sailing along the usual route through the corridor between Qeshm Island and Larak Island in Iran, close to Iran’s coast, heading toward Oman. Shipping operators say that fees are usually set a week in advance and depend on vessel size; a supertanker that can carry about 2 million barrels of crude oil can cost up to $2 million in tolls. Iran also proposed sharing the passage fees with Oman, but Oman has not yet agreed to the plan. According to the latest report from Iran’s Press TV, the Strait of Hormuz has been fully closed, forcing oil tankers to turn back. (Jin10) (Source: BlockBeats)

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