BlockBeats News, April 9th, according to WSJ reports, Iran has informed mediators that it will limit the number of daily ships passing through the Strait of Hormuz to about a dozen and will levy a fee for passage. Arab mediators stated that passing ships must coordinate with the Islamic Revolutionary Guard Corps of Iran.
According to S&P Global Platts trade flow data, only 4 ships were granted passage on Wednesday, the lowest level since April. The approved ships are currently sailing along the usual route to the north, in the corridor between Iran’s Qeshm Island and Larak Island, close to the Iranian coast heading towards the Sea of Oman. Shipping operators stated that fees are usually determined a week in advance and are based on the size of the ships, with the cost for a very large crude carrier capable of carrying about 2 million barrels of oil reaching up to $2 million.
Iran has also proposed to the mediators to share the passage fees with Oman, but Oman has not yet agreed to the proposal. According to Iran’s Press TV latest news, the Strait of Hormuz has been completely closed, forcing oil tankers to turn back. (Krypton Market)
