Iran seeks control over Hormuz Strait, targets billions of tariffs

Iran seeks control over Hormuz Strait, targets billions of tariffs

Iran has submitted a new request under efforts to end the conflict with the United States and Israel, demanding recognition of sovereignty over Hormuz Strait. This key route, through which about a fifth of global oil passes, has become a pressure tool for Tehran, which [...]

This key route, through which about a fifth of global oil is passed, has become a pressure tool for Tehran, which is considering setting tariffs for shipping passage.

According to experts, such a system could bring Iran hundreds of millions of dollars a month, but has faced strong international opposition because of possible sea rights violations.

 

 

Meanwhile, tensions have seriously affected global energy markets and caused major obstacles to shipping, raising concerns about global economic stability.

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