Tehran/Muscat, Apr 08 (V7N) — Iran and Oman are set to collect tolls from vessels transiting the strategically vital Strait of Hormuz during the ongoing ceasefire period, according to a report by Tasnim News Agency.

The report states that Iran intends to utilize the revenue generated from these tolls to rebuild infrastructure damaged during the conflict. However, it remains unclear how Oman plans to use its share of the collected funds.

Since the outbreak of hostilities, the Strait of Hormuz has been effectively restricted, significantly disrupting global maritime traffic. Data from international ship-tracking platforms indicate that vessel movement through the route has dropped to around 5 percent of normal levels.

Despite the sharp decline, some ships—particularly those flagged by countries such as India and Pakistan—are continuing to navigate the corridor.

International media reports suggest that Iran is imposing charges of up to $2 million per vessel for passage through the strait. However, it remains uncertain whether ship owners are complying with or have already paid these fees.

The Strait of Hormuz is one of the world’s most critical chokepoints for oil transportation, making any disruption or additional cost a matter of significant global economic concern.

END/SMA/AJ