persian gulf strait authority

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The Hormuz Tariff

Iran's Hormuz transit fee selectively taxes Saudi crude exports to China at up to two million dollars per crossing, while strategic partners transit at preferential rates. The mechanism functions as a tariff on Gulf Arab oil exports, creating a per-barrel cost premium for Saudi crude reaching Chines

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The Protocol Is the Point

Iran is not trying to collect fees from vessels transiting the Strait of Hormuz. It is trying to normalize the fact that it grants permission. The fee is a signal; the transit protocol is the prize. And by the time enough ships are moving through the corridor Iran designed and administers, the quest