Iran Exempts Friendly Nations, Including Russia, From Hormuz Transit Fee
Tehran, Iran: Iran has waived transit fees for ships from select friendly countries, including Russia, announced Iran’s ambassador in Moscow as Tehran started collecting the transit fee from the key international oil supply route.
“We have provided exceptions for some countries. I don’t know what will happen in the future,” Russian state news agency RIA Novosti quoted Iranian ambassador.
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Iran’s friendly nations can now navigate the strategically vital Strait of Hormuz without paying the transit fees as Tehran has floated plans to levy tariffs on shipping in the strait amid the US-Israel war on Iran.
As the closure of the Strait of Hormuz continue to impact the oil supply, worsening economies around the world, US President Donald Trump has said that American is under no pressure to end the war with Iran.
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Crude oil price is rising steadily as a result of the supply chain disruption due to the conflict in West Asia. As of April 24, 2026, crude oil prices are surging, with Brent crude exceeding $106 per barrel.
