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Trump Proposes 20% Strait of Hormuz Fee, Raising Costs to $30 Million Per Supertanker

2026-07-13 22:16:22

According to Bloomberg, President Trump on July 13 proposed a 20% compensation fee on cargo transported through the Strait of Hormuz. For a fully loaded supertanker carrying approximately 2 million barrels of crude oil at current prices around $80 per barrel, this would amount to roughly $30 million per voyage.

This contrasts sharply with Iran's previous interim practice of charging a maximum of $2 million per transit.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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8.5 Million Barrels of Crude Oil Pass Through Strait of Hormuz on Sunday with U.S. Military Support

U.S. Stock Markets Decline on July 13 as Trump Announces Strait of Hormuz Transit Fees

Iran's Foreign Minister Backs Transit Fee Concept but Rejects Trump's 20% Strait Rate on July 13

Iran's Foreign Minister Says 20% Strait of Hormuz Fee Too High, Pledges Fair Rate on July 14

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