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Amidst the increasing tension in the Middle East, Iran has prepared a master plan to fill its coffers. If reports are to be believed, Iran is now preparing to collect toll tax on oil tankers passing through the ‘Strait of Hormuz’. Let us tell you that this is the same sea route through which about 20% of the oil and LNG required in the entire world passes. If Iran’s move is successful, its annual earnings figures will be mind-blowing.

Annual income figure crosses billions of dollars

According to a report in the Economic Times, Iran is planning to impose a transit charge (toll) of about $1 on every barrel of oil. If this plan comes to fruition, Iran can earn a huge amount of about 70 to 80 billion dollars every year. In Indian rupees, this amount falls between Rs 6.43 lakh crore to Rs 7.4 lakh crore. The most surprising thing is that this earning can be much more than Iran’s own traditional oil export income.

Past earnings and latest figures for 2026

If we look at Iran’s past earnings, in the year 2023 it had earned approximately $41.1 billion from oil exports, which increased to $46.7 billion in 2024. Talking about the year 2026, Iran’s daily oil income is increasing rapidly to reach about 139 million dollars. Currently Iran is exporting about 1.6 million barrels of oil daily. In such a situation, the additional income from toll tax can prove to be a lifeline for its economy.

Trump’s initiative and tension on the sea route

However, it is not all that simple. Due to the ongoing conflict with America and Israel, Iran had closed this waterway for some time, due to which the supply of oil in the whole world was stopped and the prices started touching the sky. Later, due to the efforts of Donald Trump, there was a two-week temporary ceasefire between America and Iran, which brought the situation under control. Trump has even indicated that the two countries can work together to protect this important sea route.

Bad impact on shipping and future challenge

The biggest impact of tension has been on maritime trade. According to the information, about 187 oil tankers were stuck on the way, which were loaded with 172 million barrels of oil. There is a jam of more than 1000 ships in the Gulf region, which may take more than two weeks to become normal. Now the whole world is keeping an eye on whether Iran will really implement toll tax. If this happens, it will prove to be a major gamechanger for the global oil market and shipping industry.