Trump presses Iran over Hormuz tolls as Strait risks choking world oil flow

TL;DR Summary
President Trump urged Iran to stop charging tolls for tankers crossing the Strait of Hormuz, while Iran’s supreme leader vowed to control the waterway, signaling heightened risk to global oil shipments. Iran’s proposed toll—about $1 per barrel paid in cryptocurrency—along with political leverage could restrict passage, leaving hundreds of tankers waiting and nearly 20,000 mariners stranded as oil prices approach $100 per barrel amid a fragile ceasefire and upcoming peace talks in Islamabad.
- Strait of Hormuz remains all but closed, Trump demands Iran stop tolls Axios
- Trump says Iran 'better stop now' if it's charging oil tankers fees to go through Strait of Hormuz CNBC
- Strait of Hormuz toll would set 'dangerous precedent,' UN shipping agency warns Fox News
- How Tolls in the Strait of Hormuz Would Undercut International Law The New York Times
- Trump says he’s considering ‘joint venture’ with Iran for Strait of Hormuz tolls The Hill
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