US media: If Iran establishes a toll system in the Strait, revenue could rival the Suez Canal in Egypt

On March 29, this week, an Iranian official listed a set of demands to end the war, one of which was not on the previous list: the recognition of Iran’s sovereignty over the Strait of Hormuz. According to CNN’s calculations, if Iran successfully establishes a toll system in the strait, its revenue could rival that of the Suez Canal in Egypt. Typically, about 20 million barrels of crude oil and petroleum products pass through the Strait of Hormuz each day, roughly equivalent to the capacity of 10 Very Large Crude Carriers (VLCCs). Reports indicate that Iran seeks to impose a toll of $2 million per tanker, meaning that just from oil, it could generate about $20 million in revenue daily, or about $600 million monthly. If liquefied natural gas transport is included, this figure could rise to over $800 million per month, equivalent to 15%-20% of Iran’s monthly oil export revenue in 2024. In comparison, Egypt generates between $700 million and $800 million monthly from the Suez Canal, although revenues have significantly declined over the past year due to disruptions in Red Sea shipping.