Iran Establishes New Transit Rules for the Strait of Hormuz 0 14

Iran intends to require tanker owners to fill out a "Vessel Information Declaration" for safe passage through the Strait of Hormuz, reported American television channel CNN on Thursday, May 7, which obtained the document. The declaration, consisting of more than 40 questions, was created by the Iranian Administration of the Persian Gulf Strait (PGSA), formed by the country's authorities on May 5.

The document requires, among other things, the name and identification number of the vessel, its previous name, as well as the country of origin and destination. Information about the nationality of the owners, operators, and crew members of the vessel must also be provided. Detailed information about the cargo being transported is mandatory.

All this data must be sent to the PGSA's email before the vessel passes through Hormuz.

"The responsibility for providing inaccurate or incomplete information lies solely with the applicant, and they will also bear responsibility for all resulting consequences," the organization's email, which CNN reviewed, states.

It is unclear whether Iran plans to charge a fee for passage through the strait.

The document does not indicate whether Iran intends to charge a fee for passage through the Strait of Hormuz. As the channel points out, previously, authorities in Tehran viewed this as a potential source of income, the funds from which could be directed towards the country's recovery after bombings by the US and Israel. According to CNN, Iran could currently charge up to two million dollars from each vessel.

At the same time, if such payments are introduced, US citizens and American companies will be prohibited from making them. "Payments to the government of Iran or the Islamic Revolutionary Guard Corps (IRGC), directly or indirectly, for safe passage through the Strait of Hormuz will not be permitted for US individuals, including American financial institutions, or for foreign entities owned or controlled by the US," the country's Treasury Department clarified.

Tehran's new requirements could enhance control over one of the world's most important maritime routes and create additional tension in international trade, writes bb.lv. Meanwhile, it remains unclear whether Iran will impose a fee for passage through the Strait of Hormuz, although such an idea is already being considered as a potential source of revenue for the country.