Oil Tanker Company Pays $2 Million To Iran For Safe Strait Of Hormuz Passage: Report

Last Updated:March 20, 2026, 11:54 IST

Iran charged $2 million from a private oil tanker company for safe passage through the Strait of Hormuz. India is negotiating with Tehran for vessel transit.

Amid the ongoing war in West Asia, a report has emerged that Iran took $2 million from a private oil tanker company to allow safe passage through the Strait of Hormuz.

A report by Lloyds List states that Tehran has created a ‘safe’ shipping corridor through its territorial waters in the Strait of Hormuz, offering vetted vessels passage in exchange for approval.

The report said that multiple countries, including India, Pakistan, Iraq, Malaysia and China are discussing vessel transit plans directly with Tehran, where officials within the Islamic Revolutionary Guard Corps have established a nascent ship registration system for ‘approved’ vessels to agree to safe passage.

Meanwhile, India, which has been in direct talks with Iran for the safe passage of its ships, has earmarked 22 vessels for evacuation. Earlier, two Indian vessels — Shivalik and Nanda Devi — arrived in India after crossing the war-hit strait.

“Automatic Identification System data, while sparse, suggests India’s LPG carrier took an unusual route around Iran’s Larak Island and through Iranian territorial waters so the IRGC Navy and port authority could assess visual confirmation of the identity of the vessel," Richard Meade, the editor-in-chief of Lloyd’s List Intelligence, told The Hindu.

According to LLI, at least nine ships have passed through Iran’s supposedly safe corridor.

Sources in India have said Indian ships stranded in the Strait of Hormuz for more than two weeks have been asked to “stay put" for now, given the escalating conflict in West Asia, The Hindu reports.

News world Oil Tanker Company Pays $2 Million To Iran For Safe Strait Of Hormuz Passage: Report

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