Iran’s 7% Strait of Hormuz toll: How a shipping ‘service fee’ could mint $140 billion a year and rival Apple, Nvidia and Aramco

Iran has turned its ability to restrict commercial passage through the Strait of Hormuz into a potent economic weapon in the war imposed by the United States and Israel.

But so far, the risk of ecological damage following a long blockade of ships has been overlooked.

Iran considers banning US and Israeli ships from Strait of Hormuz

The agreement has become key to expectations for a reopening of Hormuz and a resumption of energy flows that have been throttled since the US and Israel attacked Iran in February.