The Strait of Hormuz: A Toll Road in the Making? The conflict in Iran has pushed global trade to the brink, with even the most basic principles being reevaluated.
The Strait of Hormuz, a critical waterway connecting the Persian Gulf to the Arabian Sea, is now on the verge of becoming a toll road.
Since the outbreak of war on February 28th, global oil and LNG shipments through the Strait have plummeted to a handful per day, according to Kpler, a maritime intelligence firm.