Inquirer
Deadlocked, dysfunctional and dangerous: That is how the Strait of Hormuz standoff is increasingly being described. Now approaching its fourth month, the crisis off the coast of Iran is marked by mutual blockades. Tehran has been charging ships up to $2 million (€1.73 million) for safe passage through the strait, while the United States has imposed a naval embargo, turning back vessels carrying Iranian oil exports. These competing blockades have failed to deliver decisive results. Some Iranian ships continue to slip through, while several Asian shipping firms have agreed to pay tolls, despite such fees violating international maritime law. READ: How Iran is wielding the Strait of Hormuz as leverage Fragile negotiations between the US […]... Keep on reading: US or Iran: Who will win the Hormuz endurance game?
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