Who is Iranian oil tycoon Shamkhani whose ship is stranded in Hormuz?
Iranian oil shipping magnate Mohammad Hossein Shamkhani has been sanctioned by the West over his shadow fleet.

Iranian oil shipping magnate Mohammad Hossein Shamkhani has been sanctioned by the West over his shadow fleet.

![FILE PHOTO: Vessels at the Strait of Hormuz, as seen from Musandam, Oman, [Reuters]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/07/reuters_6a464d29-1782992169.jpg?resize=770%2C513&quality=80)







Iran warns vessels to use only Tehran-approved routes as IMO halts Hormuz evacuation after ship struck.

US Secretary of State Marco Rubio said all Gulf countries oppose a toll in the Strait of Hormuz.
Experts say disagreements over shipping routes and transit fees could complicate efforts to reach a permanent agreement.
An oil tanker navigates the strait, reportedly hugging the western coast, despite threats from Iran’s IRGC.

Ships are moving again through the Strait of Hormuz, with oil prices falling. But relief for consumers may take longer.
Tehran says the strait ‘will never return’ to its prewar conditions and claims it can charge fees for services.
The UN’s maritime agency launched an operation to evacuate more than 11,000 sailors stranded in the Strait of Hormuz.
Ship tracking data shows sharp fall in transits as US and Iranian officials hold talks to save fragile peace framework.
Brent crude reverses slide after oil, LNG tankers cross critical waterway.
Iran says it has suspended Strait of Hormuz transit charges for commercial vessels for 60 days.