Strait of Hormuz: Iran's 'Toll Booth' System Explained
Interesting read about the Strait of Hormuz situation. Iran has blocked about 20% of global oil & gas shipments, causing energy prices to spike. They're now setting up a 'toll booth' system, charging some ships up to $2 million to pass. Around 2,000 vessels are stuck waiting. They say the fees are for 'ensuring security' of passage. Ships have to submit details to the IRGC for vetting, get a clearance code, and are then escorted through. It's creating major debate about international maritime law and the legality of such tolls during conflict.
https://www.aljazeera.com/news