Iran Eyes $15B From Hormuz Transit Fees Paid in Local Currency
Friday April 17, 2026
Tehran is floating a plan to settle Hormuz transit payments in its own currency, a move Iranian officials say could bolster the rial and unlock as much as $15 billion a year in revenue. / Reuters
A proposed bill to formalise Iran’s sovereignty over the Strait of Hormuz is being framed in Tehran as more than a territorial assertion: it is also intended to give the rial a stronger foothold in regional financial dealings, according to Iran’s semi-official ISNA news agency.
Ahmad Naderi, a member of…