Iran is permitting select vessels to traverse the Strait of Hormuz via an unusual route around Larak Island, demonstrating Tehran's control over this critical waterway. At least eight ships, including oil tankers and bulk carriers from India, Pakistan, Greece, and Iran's own fleet, have used this passage this week. A $2mn fee reportedly paid by a tanker operator underscores the financial toll Iran is imposing on maritime traffic.

The preferential treatment applies mainly to vessels with prior trade ties to Iran or countries maintaining close relations with Tehran. This approach coincides with diplomatic negotiations from China and India seeking safe passage. Ship movements through the strait have plummeted by 96% since the conflict began, causing widespread disruption to global energy markets and leaving approximately 3,200 vessels stranded in the Gulf.

Industry analysts believe Iran is selectively disrupting energy supplies to pressure the Trump administration while avoiding complete closure of the strait that would alienate key allies like China. Tehran may establish a safe-passage system similar to Yemen's Houthi rebels, though concerns remain about inconsistent enforcement. The attacks have already pushed European gas prices up 30% and oil to nearly $119 per barrel, creating significant market volatility.