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1 revisions for "$2 Million to Pass: Iran's Strait of Hormuz Toll and the Remaking of Global Energy Security"

Iran has begun charging commercial vessels up to $2 million per voyage to transit the Strait of Hormuz, the world's most critical energy chokepoint carrying roughly 20% of global petroleum consumption. The ad hoc toll regime — imposed amid an active military conflict with the United States and Israel — has no precedent in modern maritime law and has sent crude oil prices surging nearly 50% while exposing deep vulnerabilities in Asian energy supply chains.