‘War of attrition’: Expert claims Iran is prepared for prolonged Strait of Hormuz standoff
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Iran is reportedly charging tankers up to $2 million for safe passage through the Strait of Hormuz, a critical global chokepoint. The move threatens to turn the waterway into a high-stakes toll booth and is a breach of international maritime law.
Iran has begun charging tankers for safe passage through the Strait of Hormuz. The fee, up to $2 million per ship, is part of a 'new sovereign regime' in the strait. This move has sparked concerns about freedom of navigation and international maritime trade. Over 1,900 vessels are stranded due to the blockade. Some countries, including India and China, are speaking with Iranian officials to arrange safe passage for their ships. The US and Iran have agreed to a two-week ceasefire, but the situation remains uncertain.
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