Hormuz Normalization Odds Plunge as Iran Implements Restrictive Toll System
· flowframe Pulse
The market move follows reports that the IRGC has established a de facto 'toll booth' and controlled corridor in the Strait of Hormuz, requiring tankers to obtain Iranian clearance and pay rial-based fees. While the White House noted the recent passage of 30 tankers as a diplomatic gesture, shipping traffic remains 95% below peacetime levels, making a return to 'normal' by the end of April increasingly unlikely.
20¢ → 17¢ • Vol: $1.6M