A Strait of Hormuz “toll” would pose major economic and geopolitical risks, experts say
Reports that Iran is planning to charge ships a toll to traverse the Strait of Hormuz are raising concerns about the potential economic impact on oil and fuel prices. Iran’s Islamic Revolutionary Guard Corps “has imposed a de facto ‘toll booth’ regime in the Strait of Hormuz, requiring vessels to submit full documentation, obtain clearance codes and accept … Read more