The Strait of Hormuz, one of the world’s most strategically important maritime chokepoints, has once again become the focus of global attention after Iran confirmed plans to introduce new transit service fees for commercial vessels passing through the waterway once the current 60-day temporary arrangement expires. Iranian officials say the charges are intended to cover … Continue reading Iran’s New Strait of Hormuz Transit Charges Raise Global Concerns Over Oil Supply, Shipping Costs, and Energy Security