Breaking News
Iran Sets Up “Approved” Shipping Corridor Through Hormuz
Iran is allowing select vessels to pass through the Strait of Hormuz along routes inside its territorial waters after prior approval — with at least one tanker reportedly paying around $2M for transit, according to Lloyd’s List.
At least nine ships have already used the route near Larak Island, where IRGC-linked authorities verify vessels. Governments including India, China, Pakistan, Iraq, and Malaysia are coordinating transit requests directly with Tehran.
Lloyd’s List reports Iran is moving to formalize the system: shipowners must submit detailed ownership and cargo information in advance, often via intermediaries, to register for clearance, with vessels tied to the U.S. or Israel excluded.
Traffic remains minimal, with just 15 transits recorded from March 15–17 — about 90% tied to Iran-linked trade or ownership.See more, details. .
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