Reports Emerge of $2 Million 'Passage Fees' for Ships in Strait of Hormuz, Spotlighting Tensions Over Key Global Chokepoint
Recent reports suggest Iran is demanding exorbitant fees—reportedly up to $2 million per transit—from certain commercial vessels passing through the Strait of Hormuz. This informal practice is seen as an assertion of control over the vital global energy and trade artery, despite official Iranian denials. With the strait handling roughly 20% of global oil trade, the development heightens regional tensions.
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