Iran’s Hormuz toll threat lays bare Asia’s energy vulnerability
Analysts warn that charging ships to pass through Hormuz could set a dangerous precedent for other strategic waterways and hit Asia hardest
The concern is especially acute in Asia, which remains heavily reliant on Middle East energy supplies and exposed to any disruption in the waterway, through which nearly a fifth of the world’s oil passes.
Analysts warn that any attempt to turn access into a paid or politically conditioned passage could unsettle maritime law far beyond the Gulf, raising questions over how other strategic shipping lanes are governed.
Iranian officials have raised the idea of charging a toll for using the strait after this week’s ceasefire agreement between Washington and Tehran, according to Reuters, with the UN’s International Maritime Organization warning that any such move would set a “dangerous precedent”.
Despite the two-week ceasefire agreement between Washington and Tehran on Tuesday, Trump said on his social media accounts that the ceasefire was “subject to the Islamic Republic of Iran agreeing to the complete, immediate, and safe opening of the Strait of Hormuz”.