Iran Controls Strait of Hormuz, Charges $2M for Tanker Passage, Selective Transit Allowed

Published: Mar 25, 2026 09:13

Save

[SMM Aluminum Express News] Iran has effectively turned the Strait of Hormuz into a controlled corridor, with at least 20 tankers rerouted near Qeshm and Larak via a regime-approved path. Some ships reportedly pay up to $2M for passage. Tehran allows non-aggressor vessels through while restricting others; China, India, Turkey, Pakistan, and Thailand have coordinated for safe transit.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.hoursAgo

SHFE Cast Aluminum Alloy Warrants Drop to 42,944 MT on March 25

[SMM Flash News] SHFE data showed that as of March 25, the total registered volume of cast aluminum alloy warrants was 42,944 mt, down 2,519 mt from the previous trading day. By region, the total registered volumes were Shanghai (2,635 mt, down 120 mt), Guangdong (16,686 mt, down 571 mt), Jiangsu (3,608 mt, down 601 mt), Zhejiang (12,565 mt, down 1,107 mt), Chongqing (3,664 mt, down 60 mt), and Sichuan (1,267 mt, down 60 mt).

Common.Time.hoursAgo

Data: SHFE, DCE market movement (Mar 25)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 25 Mar , 2026

Common.Time.hoursAgo

Sellers Show a Strong Willingness to Hold Prices Firm, While Transaction Premiums Continue to Narrow [SMM Spot Aluminum Midday Commentary]

Common.Time.hoursAgo