Iran Says Control Of Strait Of Hormuz Could Earn More Than Oil Exports: 'Significant Revenues'

Last Updated:May 13, 2026, 20:28 IST

Iran tightens control of the Strait of Hormuz, imposes new transit fees, expands its operational zone, driving up global oil and gas prices and alarming the US and Gulf states.

Iran has claimed that controlling the strategically vital Strait of Hormuz could generate greater economic returns than the country’s oil exports, amid escalating tensions in the Gulf.

According to Iranian military officials, Tehran now sees the strait not just as a security zone but as a major economic leverage point capable of bringing in “significant revenues."

Iranian authorities have reportedly begun imposing steep transit-related charges on ships moving through the waterway, which handles a major share of global oil and gas trade.

Officials linked to Iran’s military establishment said control over Hormuz could potentially generate revenues exceeding the country’s annual oil export earnings, especially as sanctions and conflict continue to squeeze Iran’s economy.

The remarks come amid growing global concern over disruptions in the Gulf after Iran tightened its grip over the strait during the ongoing conflict involving the US and Israel.

Iran has also expanded its definition of the Strait of Hormuz into a much broader “operational zone," stretching from Jask in the east to areas near the UAE coastline, according to Iranian media reports and military statements.

The move has intensified fears over global energy supplies, as nearly one-fifth of the world’s oil and gas shipments normally pass through the narrow maritime corridor.

Reports suggest Iran has demanded that ships seek permission before transiting through parts of the strait, while also increasing military patrols in the region.

The disruption has already triggered sharp increases in global oil and LNG prices, with several countries now negotiating directly with Tehran to secure safe passage for energy shipments.

Iran’s growing control over Hormuz has become a central issue in ongoing diplomatic efforts involving the United States, Gulf nations and mediators attempting to broker a broader ceasefire and restore maritime trade routes in the region.

News world Iran Says Control Of Strait Of Hormuz Could Earn More Than Oil Exports: 'Significant Revenues'

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