US Media: If Iran Establishes a Toll System in the Strait, Revenue Could Rival Egypt's Suez Canal

March 29, this week, an Iranian official outlined a list of demands to end the war, including one that was not previously on the list: recognition of Iran's sovereignty over the Strait of Hormuz. According to CNN calculations, if Iran successfully establishes a toll system in the strait, its revenue could rival that of Egypt's Suez Canal. Typically, approximately 20 million barrels of crude oil and petroleum products pass through the Strait of Hormuz daily, roughly equivalent to the capacity of 10 Very Large Crude Carriers (VLCCs). Reports indicate that Iran is seeking to impose a $2 million transit fee per tanker, which means oil alone could generate about $20 million in daily revenue, or approximately $600 million per month. If liquefied natural gas (LNG) transport is also included, this figure could rise to over $800 million per month, equivalent to 15%-20% of Iran's monthly oil export revenue in 2024. For comparison, Egypt earns $700 million to $800 million per month from the Suez Canal, although revenue has significantly declined over the past year due to disruptions in Red Sea shipping.