Published Jul 8, 2026, 12:19 AM ET · Updated 4 months ago · 1 source

Iran Wants to Charge Fees for Hormuz. How Do Other Waterways Work?

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Iran Wants to Charge Fees for Hormuz. How Do Other Waterways Work?

Until the US and Israel launched a war on Iran, prompting Tehran to close the Strait of Hormuz, ships transiting the world’s most important artery for trading oil and liquefied natural gas didn’t pay to transit it.