Iran Claims Sovereignty Over Strait of Hormuz Amid Controversial IRGC Toll
The Strait of Hormuz crisis intensifies as Iran demands sovereignty and imposes a $2 million transit fee per vessel, payable in Chinese yuan. With nearly 2,000 vessels stranded, new tolls may generate $600-800 million monthly. The IRGC’s toll system has turned this vital chokepoint into a pay-to-pass checkpoint, complicating global shipping.
