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

Iran's proposal to charge fees on undersea cables beneath the Strait of Hormuz may never become workable policy, but it reveals an ambition suited to Iran’s circumstances, says…

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.