Iran Enforces Strait of Hormuz Restrictions

IRGC Navy ordered ship Selen to turn back without authorization.
Iran charges shipping $2M per vessel for 'safe passage.'. Brent crude prices rose to $114 due to transit disruptions.
Iranian Parliament seeks to legalize transit fees into law.
International observers warn of global opposition to fees.

Economy | Security | Trade

Iran | Strait of Hormuz

2 weeks ago