Iran Tightens Grip on Strait of Hormuz Through Checkpoints, Diplomatic Pacts and Passage “Fees”

Tehran Expands Its Influence Over a Critical Global Shipping Route Iran is rapidly consolidating its control over the strategically vital Strait of Hormuz, introducing a growing system of island checkpoints, diplomatic clearance agreements and in some cases unofficial “security fees” for ships seeking safe passage through one of the world’s most important oil transit routes. […]

Iran Tells World to get Ready for Oil at $200 a Barrel as it Fires on Merchant Ships

Iran has warned that global oil prices could surge to $200 per barrel as tensions escalate in the Persian Gulf, following a series of attacks on merchant vessels and the effective shutdown of shipping through the Strait of Hormuz, one of the world’s most critical energy chokepoints. The warning came as Iranian forces targeted multiple […]