Twitter/X

HormuzReport says Iran will impose transit fees of 5%–7% of cargo value on ships…

2026-08-08 · 00:08 UTC ·@JeremiahDJohns ·1 min read

Brief

Jeremiah D. Johns amplifies a Hormuz Report thread reporting Iran will charge 5–7% transit fees in the Strait of Hormuz (Chinese ships exempt), a policy worth roughly $100B/year at pre-war traffic. At 7% the toll would yield ~$385M/day, ~$11M for a 2M-barrel VLCC, ~97% profit, revenues comparable to major tech firms and over a third of Iran’s GDP.

Why it matters

HormuzReport says Iran will impose transit fees of 5%–7% of cargo value on ships using the Strait of Hormuz, with Chinese vessels exempt under the drafted deal; pre-war traffic would make the scheme worth roughly $100 billion annually.

Key details

  • At a 7% toll the report estimates about $385 million per day; a single VLCC carrying 2 million barrels would pay ~ $11 million; collection costs would be minimal, producing roughly 97% profit.
  • Jeremiah D. Johns mocks Pete Hegseth’s self-styled “Department of War” as having “fought one war and lost,” while the Hormuz scheme’s revenues would rival Alphabet ($132B in 2025), Nvidia ($120B FY2026), Apple/Microsoft (> $100B) and Saudi Aramco ($105B), and be 15–20x the Suez Canal peak—exceeding a third of Iran’s GDP “without pumping a barrel.”
Source evidence

Very funny bit that Pete Hegseth's newer, cooler, extremely masculine Department of War has fought one war and lost.

The Hormuz Report (@HormuzReport)

BREAKING: A senior Iranian official has confirmed that Iran will impose transit fees of 5% to 7% of cargo value on ships using the Strait of Hormuz—worth roughly $100 billion annually at pre-war traffic levels—with Chinese vessels exempt under the drafted deal, according to Reuters.

At 7%, the toll would generate approximately $385 million per day. For a single VLCC carrying 2 million barrels of crude, the fee would be roughly $11 million. With almost no cost of collection, about 97% would be pure profit.

The scale is staggering. The Strait would become about as profitable as Alphabet ($132B in 2025), Nvidia ($120B FY2026), Apple and Microsoft (both just crossed $100B), and Saudi Aramco ($105B). It would represent 15–20 times the Suez Canal's all-time peak revenue.

For Iran, this would exceed a third of the country's GDP—without pumping a barrel.

— https://nitter.net/HormuzReport/status/2085204869703716998#m