Iranian Parliament Committee Approves Strait of Hormuz Toll Plan

Financial outlets focus on how Iran’s tolls, selective exemptions, and security checks are reshaping shipping routes, costs, and payment methods. They report that some tankers are using secret codes and yuan payments to move through an Iran-controlled corridor, while others seek exemptions or reroute cargoes. They expect higher freight and insurance costs, more use of alternative pipelines, and greater use of non‑dollar payments if the standoff continues.

• •Iran’s toll checks in Hormuz are forcing some ships to use secret identification codes and yuan payments to pass.
• •Malaysia’s and the Philippines’ exemptions show Iran is using toll waivers to reward friendly states and keep some trade flowing.
• •Gulf producers are examining new pipelines and export routes to cut reliance on the Strait of Hormuz.
• •Higher shipping and insurance costs linked to Hormuz disruption are feeding into global fuel and goods prices.
• •Greater use of yuan and non‑Western payment channels for Hormuz passage could weaken the role of the US dollar in some energy trades.