The Islamic Revolutionary Guard Corps (IRGC) of Iran officially charges fees for tanker ships passing through the Strait of Hormuz, with costs starting from (per barrel of oil. According to a Bloomberg report on Thursday )02/04$1 , payments must be made using Chinese Yuan or stablecoin cryptocurrencies.

In the procedure, ship operators are required to submit ownership data, flag, cargo manifest, destination, and crew list to an intermediary company affiliated with the IRGC. This data is then verified by the Hormozgan Province Command to ensure no links to the United States or Israel. Iran also implements a ranking system from 1 to 5 for the ship's country of origin to determine crossing conditions.
Once all data is verified and the fee is paid, the IRGC will issue an official permit code and navigation route instructions for the ship to pass through the strait. So far, there has been no official statement from international maritime authorities or the U.S. government regarding the implementation of charges on this energy trade route.