Iran's newly created Persian Gulf Strait Authority has declared authority over strait passage as U.S.-Iran peace negotiations remain deadlocked

Iran is discussing with Oman how to set up a permanent toll system that will formalize its control of the Strait of Hormuz. Read here now

Iran and Oman are negotiating permanent Strait of Hormuz transit fees up to $2M per vessel, with Bitcoin and yuan accepted. Revenue could reach $8B annually.