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Story summary
- Iran demands a 5%–7% fee per barrel of oil crossing the Strait of Hormuz, which could earn $20 billion.
- Kpler policy head Michelle Brouhard says “freedom of the seas” is dying and tolls will raise costs.
- Analysts say a Hormuz fee system is inevitable, warn that Malaysia, Indonesia and Morocco may add tolls, and that tolls could raise prices for 90% of trade in oil, gas and other commodities.
