Iran’s New Toll at the Strait of Hormuz: A ‘Nigerian’ Strategy?

Iran has replaced a blanket ban on ships in the Strait of Hormuz with a fee-for-passage policy that feels familiar to Nigerians. Rather than block vessels outright, Tehran now demands payment—or faces drone strikes for non-compliance. Gulf states like Saudi Arabia, the UAE and Qatar are protesting this move. They warn it could drive up global shipping costs while giving Iran a price advantage. Tehran remains defiant, insisting the toll be paid in Chinese yuan instead of US dollars. The scheme is set to fill Iran’s coffers with substantial new revenue.

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