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.

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.