The Strait of Hormuz is ‘open’ — but it’s mined, half-empty, and subject to tolls both sides say they might charge
Iran and the U.S. have both threatened to impose taxes on ships transiting the Strait of Hormuz, the world's most critical oil chokepoint. Experts contend these threatened tolls violate international law, while the strait remains mined and operating at reduced capacity, creating significant uncertainty for global energy markets.





