Talks over possible transit and service charges come despite US warnings, as Iran’s blockade disrupts shipping and Tehran seeks new ways to bypass sanctions

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.

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

Talks over possible transit and service charges come despite US warnings, as Iran’s blockade disrupts shipping and Tehran seeks new ways to bypass sanctions

Vessels transiting the strait have experienced a recent uptick, but a lot of uncertainty surrounds new Iranian thinking on imposing "service fees."

Iran and Oman are negotiating a permanent toll on Strait of Hormuz shipping, with fees previously hitting $2M per transit. Here's what it means for oil, inflation, and crypto.

Iran-Oman talks over possible fees for ships in the Strait of Hormuz signal a new phase in the crisis, raising questions over control of a vital global energy route.