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Iran Aims to Monetize Strait of Hormuz Amid Tensions

3/29/2026

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Story summary
  • Iran leverages control of the Strait of Hormuz to press for sovereignty in negotiations to end the war with the United States and Israel.
  • Experts say Iran could charge vessel tolls, generating significant revenue potentially rivaling the Suez Canal.
  • International law generally prohibits fees in international straits, creating legal tension with Iran's plan.
  • The Islamic Revolutionary Guard Corps has begun a registration system for approved vessels to monetize the waterway.