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1 revisions for "The Toll at the World's Oil Chokepoint: How Iran Turned the Strait of Hormuz Into a Cryptocurrency Toll Booth — and Why the US Can't Stop It"

#1
Anonymousabout 3 hours ago

Iran has imposed an unprecedented toll regime on the Strait of Hormuz — charging up to $2 million per tanker in cryptocurrency or Chinese yuan — after closing the waterway to Western-allied shipping following the US-Israeli air campaign that began in February 2026. The toll system, now codified in Iranian law, has fractured the global response: China and India are negotiating passage while the US demands the strait reopen "without limitation, including tolls" as a condition of a fragile two-week ceasefire, raising questions about whether 400 years of freedom-of-navigation principles can survive a war that most international law scholars consider legally questionable.

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