Maths behind Hormuz toll: Is paying Iran for transit cheaper than blockade?
Since the war, the Strait of Hormuz closure costs $114.8bn/day in lost oil revenues and $7.8bn/day in LNG. Iran charges up to $2m per ship for transit, which is cheaper than keeping ships stranded. But political pressure from US sanctions stops companies from paying, even if it makes economic sense. Experts say a regional deal with Iran could be the only realistic way to reopen the strait.
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