Chokepoint Data · the Strait of Hormuz crisis

Iran unveils managed-transit mechanism excluding Project Freedom users

2026-05-16 · policy

Ebrahim Azizi, head of Iran's parliamentary national security committee, announced on Saturday May 16 that Tehran would soon operate a fee-based managed-traffic mechanism along designated Hormuz routes, open only to vessels and parties cooperating with Iran's leadership and explicitly closed to operators using the US-backed Project Freedom.

Brent next close +2.4% · +7 days -6.2% · transits 3.7 → 4.1 per day

Sources

The Jerusalem Post

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Computed, not asserted — every number here is derived from public data: official EIA Brent closes via FRED, IMF PortWatch transit counts, Polymarket and Kalshi odds, and source-linked curated events. Method and caveats · Atom feed · llms.txt

https://chokepointdata.com/event/2026-05-16-iran-unveils-managed-transit-mechanism-excluding-project-fre/