Summary and Key Points: Iran has done more than close the Strait of Hormuz — it has claimed ownership of the route that carries 20 percent of the world’s oil.
-The IRGC now runs a coordination regime with fees reaching $2 million per passage, while Russia and China move freely and most Western ships stay out.
-Iran formally told all 176 IMO members that transit requires its permission. The longer no one contests the claim, the more permanent it becomes.
The Real Iran Strait of Hormuz Questions
US Navy Warship. Image Credit: Creative Commons.
(Oct.