Oil exporters’ union says fees to be paid in cryptocurrency and vessels monitored for weapons
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Tehran suggests system of charging fees and limiting passage to ‘non-hostile’ ships could endure beyond current war
At least nine of the 14 or so vessels to have transited chokepoint since the pause in fighting have ties to Tehran
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
Tehran’s decision could allow 3mn b/d of oil to be released to international markets
Fuel costs for global shipping industry are up nearly $5bn since conflict began
