• Iran has created a new authority and website to oversee traffic through the Strait of Hormuz, signaling plans to formalize transit fees.
  • Vessels will be required to obtain pre-authorization and permits, with rules distributed via email, raising compliance costs.
  • The move could impact global energy markets by increasing operating costs for oil and LNG shipments through the strategic chokepoint.

Tehran has introduced a formal regulatory framework for vessels transiting the Strait of Hormuz, according to people familiar with the matter. The Persian Gulf Strait Authority (PGSA) launched a website and email-based system to issue transit permits and instructions, marking a shift from ad hoc fees to a structured toll regime. The site is currently empty, but carriers are expected to receive routing, speed, and reporting requirements directly.

“This is a significant step toward monetizing control over a critical energy corridor,” said a shipping industry analyst who declined to be named. The system requires ships to secure permits before departure, a process that could delay voyages and strain administrative resources, particularly for smaller operators.

The new authority bolsters Iran’s leverage over the Strait, through which about 20% of the world’s oil passes. If transit fees become standard, shipping lines and insurers face higher compliance costs, potentially pushing up freight rates and energy prices. “We’re watching closely for official tariff schedules,” said a senior trader at a European energy firm, speaking on condition of anonymity.

Iran’s move aligns with its broader strategy to assert sovereignty over maritime chokepoints. Past threats to disrupt Hormuz have raised tensions with the U.S. and Gulf states, but formalizing governance could lead to diplomatic pushback. “This introduces a new layer of uncertainty in an already volatile region,” said a risk analyst focusing on maritime security.

Attempts to reach the PGSA for comment were unsuccessful. The impact on global trade will depend on the scale of fees and enforcement. Analysts warn that if costs escalate, some carriers may seek alternative routes, though options are limited for oil and LNG traffic.

Correction: An earlier version of this article misstated the website launch date. The site is now operational, not scheduled.