Politics
Persian Gulf
Iran's Strait of Hormuz Transit Fees Test Maritime Law and Global Oil Flows
After all but closing the Strait of Hormuz since late February, Iran turned the world's busiest oil chokepoint into a tollbooth, charging tankers up to $2 million a crossing. A US-brokered memorandum has paused the fees for 60 days, but the dispute over whether a state can charge the world to cross an international strait is far from settled.
