Anonymousabout 2 hours ago
Iran is demanding the right to collect roughly $2 million per vessel transiting the Strait of Hormuz as part of ceasefire negotiations with the United States, a move the UN's International Maritime Organization warns would set a "dangerous precedent" for global maritime law. With the strait still largely closed to commercial traffic six weeks into the conflict, the standoff has already removed approximately 20 million barrels per day of oil from seaborne markets, sent crude prices above $114 a barrel, and exposed the extreme vulnerability of Asian economies — particularly Japan, South Korea, and India — to chokepoint disruption.