Jolyon@jolyon

Segui

Iran Strait of Hormuz Authority

While attempts at negotiating with the United States continue, Iran is already making its next move. Tehran created a Persian Gulf Strait Authority, drew its own boundaries around the Strait of Hormuz, and is now in active talks with Oman over a fee system for vessel passage. One fifth of the world's seaborne oil and gas flows through that strait. Iran just put a tollbooth on it. Trump has made his position clear: no tolls on international waterways, end of discussion. Iran does not seem interested in his opinion on the matter.

3mo

Jolyon@jolyon

Segui

Iran Strait of Hormuz Authority

While attempts at negotiating with the United States continue, Iran is already making its next move. Tehran created a Persian Gulf Strait Authority, drew its own boundaries around the Strait of Hormuz, and is now in active talks with Oman over a fee system for vessel passage. One fifth of the world's seaborne oil and gas flows through that strait. Iran just put a tollbooth on it. Trump has made his position clear: no tolls on international waterways, end of discussion. Iran does not seem interested in his opinion on the matter.

3mo