Reflecto News is an online news platform covering major international political events, global economic developments, and security conflicts. The site provides updates on topics such as Chinese manufacturing dominance, Middle Eastern political tensions, and high profile legal arrests. Readers can access current articles organized by categories like World News, Iran, and USA.
Iran has formalized a controversial toll system for vessels transiting the Strait of Hormuz, charging rates of approximately $1 per barrel of oil—or up to $2 million for a Very Large Crude Carrier (VLCC). The fees are collected in cryptocurrency (such as Bitcoin) or Chinese yuan to bypass U.S. sanctions . Payment is reportedly made to a front company linked to the Islamic Revolutionary Guard Corps (IRGC), which then requires vessels to obtain and broadcast a specific code over VHF radio . Once verified, ships receive an Iranian naval escort through the northern corridor near Larak Island .
Key details of the toll system include:
| Detail | Information |
|---|---|
| Pricing Model | $1 per barrel; tankers pay per barrel, dry bulk pays flat fee. VLCC rate ~$2 million . |
| Payment Method | Cryptocurrency (Bitcoin/Tether) or Chinese yuan . |
| Enforcement Authority | Islamic Revolutionary Guard Corps (IRGC) Navy . |
| Eligibility | Vessels with no links to “hostile states” (U.S./Israel) . |
| Route | Designated corridor passing near Larak Island . |
| Legal Status | Rejected by US/IMO as illegal; US imposed counter-blockade April 13 . |
The timing is driven by Iran’s peak planting season. “Without urea, you don’t get rice, corn, or soybeans,” analysts warned.
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