Iran takes step toward fees for Hormuz passage, seeing Turkey as model

Iran warAnkara collected $259m from tolls in Bosphorus, Dardanelles straits in past yearVessels seen in the Strait of Hormuz near the beach of Bandar Abbas, Iran, on Aug. 26. © ReutersNikkei staff writersAugust 27, 2026 02:36 JSTDUBAI/ISTANBUL/CAIRO -- Amid the threat of new U.S. economic sanctions, Iran is moving toward a framework for charging fees on vessels passing through the Strait of Hormuz, appearing to draw inspiration from Turkey's setup that has seen an eightfold increase in fees in four years for ships using its straits.