Iran has created an authority to approve transit through the Strait of Hormuz and to collect tolls from vessels, a shipping journal has said, AFP reports.

“The Persian Gulf Strait Authority has already introduced a new framework requiring ships to obtain transit authorisation and pay tolls before sailing,” said Lloyd’s List, the industry journal which provides news and intelligence on shipping and maritime trade.

It added that “ships are required to submit detailed records of ownership, insurance, crew details and intended transit route”, citing a form sent by the authority.