No Result
View All Result
  • Login
Thursday, August 6, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

How Iran plans to tax oil tankers passing through Strait of Hormuz

by theadvisertimes.com
4 months ago
in Business
Reading Time: 2 mins read
A A
0
How Iran plans to tax oil tankers passing through Strait of Hormuz
Share on FacebookShare on TwitterShare on LInkedIn


Iran is reportedly planning to increase its oversight of the Strait of Hormuz during the current two-week ceasefire. The proposal includes a system where oil tankers would pay transit fees in cryptocurrency and undergo detailed checks.

Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, stated that authorities intend to monitor all vessels passing through the waterway. “Iran needs to monitor what enters and exits the strait to ensure the ceasefire period is not used to move weapons,” Hosseini said. He added that while passage will remain open, inspections may slow transit times.Under the proposed plan, ships would email their cargo information to receive a transit fee assessment, reportedly set at $1 per barrel. Payments would then be made using digital currencies. Hosseini noted that after the review, vessels would have a limited time to pay in bitcoin, a method designed to prevent tracing or seizure under sanctions.

This proposal indicates Tehran’s effort to maintain influence over a critical oil route while ceasefire talks continue. Reports also suggest Iran is encouraging vessels to sail closer to its coast, causing concern among Western and Gulf-linked operators.

Access through the Strait of Hormuz has become a central issue in efforts to extend the temporary ceasefire. Iran is pushing for tighter control, while Gulf nations and Western allies are opposing the move. U.S. President Donald Trump has stated that the ceasefire depends on Iran ensuring the “complete, immediate, and safe” reopening of the strait. Iran, however, has indicated that any reopening would follow a new security protocol coordinated with its military.

Live Events

The uncertainty has led to hundreds of ships being stranded in the region. Estimates suggest between 300 and 400 vessels are waiting to leave the Gulf, with one industry executive comparing the buildup to a “traffic jam at sea.” Major shipping companies remain cautious. Maersk stated it is urgently assessing the evolving situation but warned that the ceasefire has not yet guaranteed safe passage. Experts believe that even under regulated conditions, only 10 to 15 ships may pass through daily, a significant reduction from the usual average of around 135, meaning delays could continue.Any move granting Iran greater control over the strait is considered unacceptable by Gulf countries like Saudi Arabia, Qatar, and the UAE, given the route’s importance to global oil supplies. Ali Shihabi, a commentator with close ties to Saudi leadership, said uninterrupted access to the waterway must remain the priority. With negotiations ongoing and tensions persisting, the Strait of Hormuz remains at the center of a complex standoff involving security, diplomacy, and global energy flows.



Source link

Tags: HormuzIranoilPassingplansStraittankerstax
ShareTweetShare
Previous Post

Major alcohol distributor shuts down operations, lays off over 500 workers

Next Post

Rothbard, the Mises Institute, and the Battle of Ideas

Related Posts

Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

by theadvisertimes.com
August 6, 2026
0

Britannia Industries Ltd on Thursday reported 14.08 per cent rise in consolidated net profit at Rs 593.38 crore for the...

OraSure expects Q3 revenue of .5M-.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

OraSure expects Q3 revenue of $29.5M-$32.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

by theadvisertimes.com
August 6, 2026
0

Earnings Call Insights: OraSure Technologies (OSUR) Q2 2026 Management view “Q2 was another important quarter in OraSure's transformation. We exceeded...

Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

by theadvisertimes.com
August 6, 2026
0

Ooredoo Group is positioning itself to capture a multi-billion-dollar AI infrastructure opportunity by developing Indonesia’s first dedicated AI compute and...

The Key Battles for Senate Control Are Set

The Key Battles for Senate Control Are Set

by theadvisertimes.com
August 6, 2026
0

With yesterday’s victory in Michigan for Abdul El-Sayed, one of the last pieces has fallen into place in key midterm...

Tax Authority warns higher income Israelis are leaving

Tax Authority warns higher income Israelis are leaving

by theadvisertimes.com
August 6, 2026
0

Not only has the number of Israelis emigrating from Israel increased in recent years, but their economic profile has...

GIC subsidiary and promoter Sunu Mathew lead LEAP India’s pre-IPO placement round

GIC subsidiary and promoter Sunu Mathew lead LEAP India’s pre-IPO placement round

by theadvisertimes.com
August 6, 2026
0

KKR-backed supply chain solutions provider LEAP India Ltd. completed its Rs 371.3 crore pre-IPO placement on Thursday. In consultation with...

Next Post
Rothbard, the Mises Institute, and the Battle of Ideas

Rothbard, the Mises Institute, and the Battle of Ideas

Are We Headed Toward a Zero Jobs Economy?

Are We Headed Toward a Zero Jobs Economy?

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

July 20, 2026
The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

May 6, 2026
Trump’s Commerce Department as Venture Capitalist: Political Investment at its Worst

Trump’s Commerce Department as Venture Capitalist: Political Investment at its Worst

0
Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

0
Your Processes Are The Weakest Part Of Your AEO Strategy

Your Processes Are The Weakest Part Of Your AEO Strategy

0
OraSure expects Q3 revenue of .5M-.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

OraSure expects Q3 revenue of $29.5M-$32.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

0
Coinbase Lets UK Users Trade US Stocks While Wall Street Sleeps

Coinbase Lets UK Users Trade US Stocks While Wall Street Sleeps

0
When ‘Feelings Are Data’ To Navigate Clients’ Financial Planning Trade-Offs: Kitces & Carl 196

When ‘Feelings Are Data’ To Navigate Clients’ Financial Planning Trade-Offs: Kitces & Carl 196

0
Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

August 6, 2026
OraSure expects Q3 revenue of .5M-.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

OraSure expects Q3 revenue of $29.5M-$32.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

August 6, 2026
GH Research Releases Q2 2026 Financial Results

GH Research Releases Q2 2026 Financial Results

August 6, 2026
Your Processes Are The Weakest Part Of Your AEO Strategy

Your Processes Are The Weakest Part Of Your AEO Strategy

August 6, 2026
Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

August 6, 2026
Dell Technologies (DELL): Steht der Mega-Ausbruch kurz bevor?

Dell Technologies (DELL): Steht der Mega-Ausbruch kurz bevor?

August 6, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise
  • OraSure expects Q3 revenue of $29.5M-$32.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)
  • GH Research Releases Q2 2026 Financial Results
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.