"The cease-fire framework is said to include a provision allowing both Iran and Oman to collect transit fees from ships passing through the strait. This is without precedent."
"For decades, the Strait of Hormuz was treated as something close to a global commons... That era may now be over."
"Iran's system, already operational in practice, is more elaborate than a simple toll booth. The Islamic Revolutionary Guards Corps (IRGC) has reportedly developed a ranking system for nations."
The United States and Iran have established a two-week cease-fire, facilitated by Pakistan, contingent on Iran reopening the Strait of Hormuz. This announcement came just before a deadline set by President Trump. While global markets responded positively, the cease-fire is fragile, with Iranian strikes reported shortly after its initiation. Talks for a permanent peace deal are scheduled to begin soon. The cease-fire includes provisions for Iran and Oman to collect transit fees from ships, challenging existing international maritime laws.
Read at RadioFreeEurope/RadioLiberty
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