Iran's Hormuz Toll Booth: PGSA 40-Question Declaration and $2M Transit Fees Threatening Global Oil Trade

# Iran's Hormuz Toll Booth: PGSA 40-Question Declaration and $2M Transit Fees Threatening Global Oil Trade

> **Quick answer:** Iran's newly created Persian Gulf Strait Authority (PGSA) now requires every vessel to complete a 40-plus-question Vessel Information Declaration and pay transit fees of up to $2 million per ship — settled in Chinese yuan — before being allowed through the Strait of Hormuz. Weekly crossings have collapsed from 120 ships per day to just 40 per week. Brent crude sits above $102 per barrel. The US Treasury has warned that payments to Iran for safe passage "would not be authorized" for American entities. This is not a military blockade — it is a bureaucratic takeover of 20 percent of world oil trade.

Iran just turned the world's most strategically critical waterway into a permit office. The Iran Hormuz transit fees and PGSA declaration requirement — formally launched May 5, 2026 — represent something new in the history of energy geopolitics: a nation converting a right of international transit into a regulated, fee-bearing approval process backed by armed force. And your energy bills are the collateral damage.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## What Is the PGSA and When Did It Launch?

The Persian Gulf Strait Authority was founded on May 5, 2026, as Iran's statutory body for authorizing and regulating maritime transit through the Strait of Hormuz. It sits at the intersection of Iran's civilian bureaucracy and the Islamic Revolutionary Guard Corps (IRGC), which has physically controlled Hormuz transit since the conflict escalated in March.