Iran Tightens Control of Strait of Hormuz: Demands Vessel Lists and Charges High-Value Cargo Ships, Asian Energy Under Pressure

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Mars Finance News, March 25 — According to sources, Iran is strengthening control over the Strait of Hormuz through a semi-official mechanism, requiring transit ships to submit crew and cargo lists, and charging fees for some high-value vessels. The report states that related approvals must be approved by the Islamic Revolutionary Guard Corps of Iran, and fees are often communicated through intermediaries, mainly targeting oil tankers and liquefied gas carriers. Currently, navigation through the channel is restricted, with a significant decrease in the number of ships passing through, mostly related to Iran or its friendly countries. Although Iran officially states that the channel is “still open,” actual traffic has not yet returned to normal. As a result, energy supplies in many Asian countries are under pressure, with shortages of liquefied petroleum gas already occurring in India and other nations. Analysts point out that as regional conflicts escalate, the uncertainty surrounding the Strait of Hormuz, a critical global energy route, is increasing.

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