The United States has announced it will collect a 20 per cent fee on all cargo passing through the Strait of Hormuz, designating itself as the 'Guardian of the Strait'. According to Euronews, this policy shift follows a series of military engagements, described as the largest exchange since the ceasefire in April. US forces have carried out strikes against dozens of targets within Iran.
In response to the US action, the Islamic Revolutionary Guard Corps (IRGC) has targeted locations in Bahrain, Jordan, Kuwait, and Oman. The imposition of the new maritime fee marks a significant reversal of previous regional dynamics regarding toll demands in the strait. No further details regarding the duration or implementation of these measures have been provided.
Source: Euronews. Read the original report ↗