Tag: International Maritime Organization
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Iran reportedly imposes $2 million Hormuz transit toll as Strait tensions deepen
Iran is reportedly charging some ships $2 million to pass through the Strait of Hormuz, adding a costly new layer to an already severe maritime crisis centered on one of the world’s most important energy chokepoints. The reported Hormuz transit toll emerged as Tehran simultaneously insisted that the Strait of Hormuz remains open to everyone…
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Iran threatens Strait of Hormuz closure after Trump ultimatum as war escalates
Iran has warned that it could completely close the Strait of Hormuz and strike critical power infrastructure if the United States follows through on President Donald Trump’s ultimatum, dramatically raising the stakes in a war that has entered its fourth week and is already shaking global energy markets. The Strait of Hormuz, one of the…