Iran is tightening its grip on the Strait of Hormuz—the world’s most vital oil artery—introducing a de facto “toll booth” system that forces vessels to enter Iranian waters, undergo vetting by the Revolutionary Guard, and pay fees in yuan.
Traffic through the strait has plunged 90% since the war began, driving up global oil prices and causing shortages across Asia. New shipping data shows Iran-affiliated vessels now account for up to 90% of transits, while many ships switch off tracking systems to avoid detection.
In this video, we break down:
How Iran’s “toll booth” operates
The impact on global oil markets and Asian nations
Rising tensions and attacks on vessels
What Iran’s proposed legislation means for freedom of navigation
📌 Sources: Lloyd’s List Intelligence, UN International Maritime Organization, Kpler
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