The Strait of Hormuz is 'open' — but it's mined, half-empty, and subject to tolls both sides say they might charge | Fortune

The Strait of Hormuz's future is unsettled even as more ships venture through

Iran and the U.S. agreed a 60-day deal to reopen the Strait of Hormuz, but Tehran's toll demand through a new Persian Gulf authority jeopardizes energy supplies. Tolls breach decades of maritime free-transit law, raising commodity costs and forcing enterprises to reassess infrastructure budgets and risk hedging strategies.