Hormuz uncertainty reigns as tolls, transit schemes and security remain in flux
- Conflicting political signals, including a White House suggestion that a post-conflict joint toll could be discussed, have deepened industry paralysis
- Allowing Iran to charge for Hormuz transits would mark a dangerous and unacceptable precedent, says IMO secretary-general
- Industry plans to safely restart large-scale transits remain stalled as Tehran seeks to formalise its control over the strait
Shipping flows through the Strait of Hormuz have fallen even further despite a ceasefire, as Iran asserts control with new transit rules, threats of force and an evolving — but still unofficial — IRGC-linked toll system
