Iran Mandates Hormuz Strait Transit Fees Must Be Paid in Iranian Rial

Gate News message, April 27 — Ibrahim Azizi, chairman of Iran's Islamic Parliament's Committee on National Security and Foreign Policy, said on April 26 that transit fees for the Strait of Hormuz must be settled in Iranian rial, Iran's official currency. Azizi also stated that vessels and cargo related to Israel will not be permitted to pass through under any circumstances.

Earlier, Iran's state media Fars News denied reports claiming Iran would accept cryptocurrency for Hormuz Strait transit fees, describing such reports as inaccurate.