Iran seeks to cash in on Strait of Hormuz
Tehran suggests system of charging fees and limiting passage to ‘non-hostile’ ships could endure beyond current war
Tehran suggests system of charging fees and limiting passage to ‘non-hostile’ ships could endure beyond current war

Tehran tells IMO member nations that vessels must co-ordinate with it to pass through vital waterway

Passage for vessels is designed to show Iran’s dominance over waterway and limit diplomatic isolation, analysts suspect

The Islamic republic aims to set up a toll booth on the Strait of Hormuz. It may succeed

Tehran’s decision could allow 3mn b/d of oil to be released to international markets

Oil exporters’ union says fees to be paid in cryptocurrency and vessels monitored for weapons

Iran has shown that control of the strait gives it a stranglehold over the world economy