The Hormuz Report
@HormuzReport
BREAKING: A senior Iranian official has confirmed that Iran will impose transit fees of 5% to 7% of cargo value on ships using the Strait of Hormuz—worth roughly $100 billion annually at pre-war traffic levels—with Chinese vessels exempt under the drafted deal, according to Reuters.
At 7%, the toll would generate approximately $385 million per day. For a single VLCC carrying 2 million barrels of crude, the fee would be roughly $11 million. With almost no cost of collection, about 97% would be pure profit.
The scale is staggering. The Strait would become about as profitable as Alphabet ($132B in 2025), Nvidia ($120B FY2026), Apple and Microsoft (both just crossed $100B), and Saudi Aramco ($105B). It would represent 15–20 times the Suez Canal’s all-time peak revenue.
For Iran, this would exceed a third of the country’s GDP—without pumping a barrel.
BREAKING: A senior Iranian official has confirmed that Iran will impose transit fees of 5% to 7% of cargo value on ships using the Strait of Hormuz—worth roughly $100 billion annually at pre-war traffic levels—with Chinese vessels exempt under the drafted deal, according to…
— The Hormuz Report (@HormuzReport) August 6, 2026