Iran to impose Strait of Hormuz tolls by year-end

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Iran is predicted to establish a toll or service fee for ships passing through the Strait of Hormuz before the end of the year, which would violate a century of international law concerning natural waterways. This action is expected to trigger a domino effect, encouraging other regions, particularly the Bab el-Mandeb, to implement similar fees, resulting in increased costs for international energy flows.