Categories: Business

Toll system in Strait of Hormuz? Iran drafts bill to charge ships for safe passage amid war

The Middle East war has intensified an oil crisis as Iran’s actions in the Strait of Hormuz disrupt global energy supplies. While the Red Sea’s Bab el-Mandeb Strait is considered an alternative, it also faces threats. Reopening Hormuz is complicated by its geography and requires significant security measures, including a multinational coalition, to overcome the risks of attacks and minefields.

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