Iran's revenue from Strait passage fees has significantly declined

According to a recent report by Lloyd's List, some vessels passing through the Strait of Hormuz are required to pay over $100,000 per ship for passage permits from Iran, with the fees having significantly decreased compared to the early stages of the conflict. The report, citing information from shipping security operators, stated that the current single-passage fee for bulk carriers can reach up to $120,000, and up to $160,000 for oil tankers. The specific rate varies depending on factors such as vessel type, cargo, and the nationality of the shipowner, representing a significant drop from the $1 million to $2 million per vessel charged during the early stage of the conflict. (Xinhua)