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Defiant Iran Reasserts Toll System, Paid Through Iranian Banks After US Vows Hormuz Blockade Stays "As Long As It Takes"

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by Tyler Durden
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Summary

  • Iran seeks to boost rial through toll payment scheme; vessels pay Hormuz passage through Iranian banks.

  • US Navy: vessels seeking entry into Hormuz Strait now fair game for boarding, search, and outright seizure - including for suspicion of 'contraband'.

  • Hegseth: US forces are ready to restart combat if Iran doesn’t agree to a deal & strait blockade to continue for as long as it takes. Already 14 ships have been turned around.

  • Iran's parliament speaker Mohammad Bagher Qalibaf calls ceasefire in Lebanon "as important as a ceasefire in Iran."

  • Heavy Israeli bombardment of southern Lebanon, including targeting of infrastructure and bridges.

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Defiant Iran Reasserts Toll System: Paid Through Iranian Banks

An Iranian parliament official has been cited in newswires as saying the country's planned Strait of Hormuz toll for ships seeking to pass is to be paid through Iranian banks. Previously it was said to be through cryptocurrency, and could be as a high as $2 million Oil rose higher, given this is another indicator this game of chicken in the narrow waterway could soon lead to fresh hostilities, despite the 2-week ceasefire still being in place, soon to expire.

As for negotiations, there's optimism another round of US-Iran talks will occur, with both sides having agreed in principle, but Iran's government informed Pakistan that the US must back off its maximal demands.

Reuters: U.S. and Iranian negotiators have scaled back ambitions for a comprehensive peace deal and are instead seeking a temporary memorandum to prevent a return ​to conflict, two Iranian sources told Reuters.

Below is a machine translation from the Persian of the fresh parliament statement via state-linked ISNA:

  • The plan to consolidate Iran's sovereignty in the Strait of Hormuz is being framed as a way to strengthen the rial.
  • Iran is seeking a regulatory role in the Strait of Hormuz - one of the world’s most sensitive chokepoints -positioning it as oversight, not disruption or blackmail.
  • Under the plan, foreign ships would settle accounts through offices in Iran or via the Iranian banking system, a move aimed at boosting the rial.
  • Estimated current revenue from managing and regulating maritime traffic in the Strait of Hormuz: $10-15 billion.

Boarding, Search, & Outright Seizure

Ships seeking to enter the Hormuz Strait already sanctioned by the US just got a lot more vulnerable: under Washington’s blockade of Iranian ports, they're now fair game for boarding, search, and outright seizure, per US Naval Forces Central Command.

"In addition to enforcing the blockade, all Iranian vessels, vessels with active OFAC sanctions, and vessels suspected of carrying contraband, are subject to belligerent right to visit and search," the notice said, referring to the Office of Foreign Assets Control. "These vessels, regardless of location, are subject to visit, board, search, and seizure."

The definition of "contraband" is broad and expansive. It spans weapons, ammunition, combat aircraft, and military electronics, WSJ has described. "Petroleum products and lubricants are conditional contraband due to their essential role in military operations and their contribution to Iran’s war-sustaining economy," the advisory also said. "Contraband is defined as goods that are destined for an enemy and that may be susceptible to use in armed conflict."

US Marine Corps image

Up until now, the blockade - initially rolled out Monday - was limited to ships moving in and out of Iranian ports, but the definition who can be targeted just widened. Meanwhile, US Central Command (CENTCOM) said Wednesday that in the first 48 hours, not a single ship made it past the blockade.

Hormuz Blockade: 'As Long As It Takes'

The US will maintain a naval blockade of Iran for as long as it takes, Pentagon chief Pete Hegseth has stated in a press briefing Thursday. He and Joint Chiefs Chairman Gen. Dan Caine say that US forces are ready to resume major combat operations at a moment's notice, which suggests the initial two-week ceasefire could get extended, as was widely reported the day prior. But this also suggests that Washington likely has no appetite for resuming major aerial operations directly against Iran anytime soon.

On the question of resumption of major combat operations, Hegseth warned: "To Iran, choose wisely. I pray you choose a deal which is within your grasp for the betterment of your people and the betterment of the world." He followed with, "In the meantime, the War Department is locked and loaded." Additional main highlights to the Hegseth/Caine update and presser:

  • Iran likes to say it controls Strait of Hormuz but it has no navy
  • Energy industry not destroyed 'yet', US blockade shutting down exports
  • For as long as it takes, we will maintain blockade
  • Launching operation 'economic fury'
  • Iran is digging out bombed out launchers
  • I hope you choose a deal which is within your grasp

But again, the chief takeaway is that the Pentagon and Trump administration are making clear that US forces are ready to restart combat if Iran doesn't agree to a deal. On that front, US officials say future talks are likely to be held again in Pakistan’s capital, Islamabad. Prior reports have indicated both sides have "agreed in principle" to engage in another round of talks.

Iran's PressTV touting ability to inflict global economic pain...

Pentagon: 13 Ships Turned Around

Since the blockade went live, US forces have already turned around 13 ships, according to Gen. Caine in the same briefing. He underscored how far this reach extends, saying operations will take place "inside Iran's territorial seas and in international waters."

Officially, the Pentagon claims the blockade is limited - targeting Iran’s ports and coastal areas while sparing vessels simply passing through the Strait of Hormuz. In practice, however, the net is touted as much wider, as US forces "will actively pursue any Iranian-flagged vessel or any vessel attempting to provide material support to Iran," including so-called "dark fleet vessels carrying Iranian oil," Caine added.

He confirmed that more than 10,000 service members are now involved in the blockade, but with more US servicemembers en route to the region.

Lebanon Still Bombed Heavily by Israel amid US Ceasefire Efforts

Israeli jets pounded Nabatiyeh in southern Lebanon Thursday, unleashing one of the heaviest barrages there since the war began and sending black smoke billowing over the region. Strikes hit near the industrial zone and a supermarket on Nabih Berri Avenue, with nearby suburbs also taking damage, according to Lebanon’s state-run National News Agency.

Iran has signaled urgency on de-escalation, with parliament speaker Mohammad Bagher Qalibaf calling ceasefire in Lebanon "as important as a ceasefire in Iran." He described, "In the Islamabad negotiations and afterwards, we have been seriously pursuing efforts to compel the adversaries to establish a permanent ceasefire in all areas of conflict." Pakistan's army chief is in Tehran mediating between Washington and Tehran.

Lebanon's leadership is in th emeantime framing any truce as a gateway to talks, despite Hezbollah having rejected direct talks with Israel. The ceasefire it is "demanding with Israel" would be a "natural entry point for direct negotiations," President Aoun said, adding: "Lebanon is keen to halt the escalation… so that the targeting of the innocents ceases, and the destruction of homes" stops.

Destruction of Al-Qasimia Bridge in Southern Lebanon

He stressed negotiations "are to be undertaken by the Lebanese authorities alone," and said "the withdrawal of Israeli forces… is an essential step," alongside redeploying the army "up to the international borders" to "end any manifestation of armed presence."

And yet Israeli strikes are now hitting infrastructure. A key bridge over the Litani River near Qasmiyeh - linking Tyre and Sidon - was reportedly destroyed, though Israel said it only "struck adjacent to it." The broader campaign is cutting off southern Lebanon, targeting chiefly Hezbollah positions, Israeli officials have claimed.