Iran Turns Hormuz Into A Toll Gate Challenging Petrodollar
Iran has taken its control over the Strait of Hormuz to the next level, effectively moving toward a “toll booth” system on one of the world’s most critical energy routes. According to Reuters, Iranian officials and lawmakers are actively considering imposing transit fees on ships passing through the strait, with proposals to charge countries for the movement of oil, gas, and even food supplies in Chinese Yuan. Bloomberg has further reported that vessels are increasingly being required to follow Iranian-coordinated routes and protocols, signaling a shift from free navigation to controlled passage.