Inquirer
The Iranian regime has been accused of extortion and threats to global energy security after reports emerged that Tehran has begun charging up to $2 million (€1.7 million) per vessel for “safe passage” through the Strait of Hormuz. The strait is the world’s most indispensable energy corridor, squeezed between Iran and Oman. Before the Iran war, it carried one-fifth of all the oil and gas consumed worldwide. Iran’s government has justified the fees as war reparations for damage suffered caused during US-Israeli attacks on the country, as well as payment for “navigational services,” environmental protection and enhanced security. The government announced that it was drafting a joint protocol with Oman to require ships to […]... Keep on reading: Suez, Panama canals charge for transit — why can't Hormuz?
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