The United States and Iran have agreed to a framework agreement to end the war, but the deal includes a contentious provision for new tolls on the Strait of Hormus, a critical global shipping chokepoint.
The proposed fees would be levied on vessels transiting the waterway, a move that immediately raises the cost of international trade and energy transport.
The financial burden of these new tolls would ultimately fall on global consumers and businesses relying on the route.
The Strait of Hormus is a vital artery for global oil and gas supplies, and any increase in transit costs has the potential to ripple through supply chains and inflation metrics worldwide.
This development introduces a persistent structural cost into the post-war economic environment.
The announcement comes as markets digest the broader implications of the ceasefire.