Iran Discusses Permanent Hormuz Toll System With Oman as Strait Stays Shut After April 8 Ceasefire
Updated
Updated · Bloomberg · May 21
Iran Discusses Permanent Hormuz Toll System With Oman as Strait Stays Shut After April 8 Ceasefire
11 articles · Updated · Bloomberg · May 21
Iran said it is working with Oman on a permanent toll system for ships using the Strait of Hormuz, framing it as a way to provide security services and manage navigation.
Tehran still refuses to reopen the waterway until the US lifts its naval blockade of Iranian ports, leaving the proposal tied to a broader unresolved standoff despite an April 8 ceasefire.
Shipping through Hormuz has fallen sharply: Iran blames soaring insurance costs, while shipowners cite missile, drone and mine risks and say many vessels will stay away until the war ends.
The closure threat has kept oil prices elevated and weighed on stocks and bonds, adding to fears that a prolonged disruption in the vital channel will worsen energy shortages and inflation.
Will the world pay Iran's toll, or risk a devastating conflict for freedom of navigation in the Strait?
Is Oman's diplomacy preventing war, or legitimizing Iran's control over a vital global waterway?
As Iran targets both ships and internet cables, is a new era of 'chokepoint warfare' beginning?