Iran charges Hormuz fees by which date?

A qualifying fee must be an announced policy which applies generally to all commercial vessels, or a defined subcategory of commercial vessels (e.g., vessels flagged to the US and its allies).

A fee is mandatory if, in practice, affected commercial vessels cannot transit or access the Strait of Hormuz without paying it, regardless of whether Iran characterizes the payment as voluntary or a fee for services.

Both of the following are required to occur prior to the specified date, 11:59 PM ET to satisfy this market’s resolution criteria:

1) An official announcement from the Iranian government that such a fee is being, or will be, implemented.

2) A consensus of credible reporting that collection of the fee has begun.

Fees charged by Oman, the United Arab Emirates, shipping insurers, private companies, or other non-Iranian entities do not qualify unless charged jointly with Iran, or if Iran directly receives the fee or controls the charging entity.

The resolution sources will be official announcements from the government of Iran and consensus of credible reporting.