Story perspectives

US Redirects 90 Vessels, Trump Opposes Hormuz Toll

5/21/2026

Summary

IRGC Navy Reports

IRGC Navy reported 26 vessels, including oil tankers, passed the Strait of Hormuz in the past 24 hours.
U.S. Central Command said up to 90 vessels were redirected from the strait by May 21, 2026.
President Donald Trump said the United States opposes Hormuz tolls and will not let Iran keep highly enriched uranium.

Summary

Iran Negotiates Toll

Iran’s ambassador Mohammad Amin-Nejad said Tehran is negotiating with Oman to create a toll system for the Strait of Hormuz.
Persian Gulf Strait Authority began issuing conditional rules and fees that can exceed $1 million per ship.
U.S. Secretary of State Marco Rubio called the toll proposal illegal and warned it would derail diplomatic negotiations.

Summary

Iran Claims

Iran’s Persian Gulf Strait Authority (PGSA) claims oversight of 22,000 sq km (8,800 sq mi) of sea that reaches Omani and UAE waters.
The PGSA defines its zone from Kuh-e Mubarak to southern Fujairah and from Qeshm Island to Umm Al Quwain, overlapping claims.
Journalist Fatemeh Karimkhan reported that the PGSA has no website, hierarchy, or any record of its existence.
Presidential adviser Anwar Gargash called Iran’s claim “nothing but fragments of dreams,” stressing the sovereignty dispute.

Summary

Iran Bitcoin Insurance

Fars reports that a Bitcoin-based insurance scheme for Hormuz could generate more than $10 billion annually.
PGSA states that navigating Iranian waters without Tehran’s permission is illegal.
Some vessels have paid up to 2 million Chinese yuan for transit permits.
Major insurers withdrew war-risk cover, prompting Chubb to join a $20 billion U.S. reinsurance effort despite sanctions that block Iran from reserves and global reinsurance.

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IRGC Navy Reports

IRGC Navy reported 26 vessels, including oil tankers, passed the Strait of Hormuz in the past 24 hours.
U.S. Central Command said up to 90 vessels were redirected from the strait by May 21, 2026.
President Donald Trump said the United States opposes Hormuz tolls and will not let Iran keep highly enriched uranium.

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