Iran to Announce Mechanism to Reopen Strait of Hormuz with Toll Collection (eco.sapo.pt)

• Iran to announce toll-based traffic management in Strait of Hormuz.
• European countries negotiating with Tehran to ensure safe passage.
• Announcement made on May 16, 2026 by Ebrahim Azizi.

"Iran will soon announce a mechanism to manage traffic in the Strait of Hormuz along a predefined route, including toll collection. State television reports negotiations between European countries and Tehran to ensure passage. The implementation of the mechanism was announced on Saturday by Ebrahim Azizi, the chairman. The Strait of Hormuz is a critical chokepoint for global oil and gas shipments."