WSJ: Iran limits daily passage through the strait to a dozen ships

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ME News report: On April 9 (UTC+8), Iran informed the mediators that it would limit the number of ships passing through the Strait of Hormuz each day to about a dozen and would charge a toll for passage. The Arab mediators said that ships transiting must coordinate with Iran’s Islamic Revolutionary Guard Corps. According to S&P Global Market Intelligence data, only 4 ships were permitted to pass on Wednesday, the lowest level since April. The authorized ships are currently sailing along a corridor north of the usual route between Iran’s Qeshm Island and Larak Island, close to the Iranian coast, heading toward Oman. Shipping operators say the fees are usually set one week in advance and vary according to the size of the vessel; a supertanker capable of carrying about 2 million barrels of crude oil can incur fees of up to $2 million. Iran also proposed sharing the passage toll 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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