WSJ: Iran limits Strait passage to over ten ships per day

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ME News, April 9 (UTC+8): Iran informed mediators that it will limit the number of ships passing through the Strait of Hormuz to around a dozen per day and will charge a toll for passage. The Arab mediators said that ships transiting the strait must coordinate 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 on the usual route north of the corridor between Iran’s Qeshm Island and Larak Island, traveling close to Iran’s coast toward Oman. Shipping operators say that fees are normally determined one week in advance and vary according to the size of the vessel; the fee for a super-large oil tanker capable of carrying about 2 million barrels of crude oil can be as high as $2 million. Iran has also proposed sharing the passage tolls 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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