A new financial mechanism is emerging at the world’s most critical energy chokepoint.
Iran and Oman have jointly proposed the introduction of a toll system for vessels transiting the Strait of Hormuz, according to reports from Malaysian media outlet Utusan Malaysia.
The suggestion marks a significant shift in regional strategy, effectively positioning the strait not just as a geopolitical flashpoint but as a revenue-generating asset for the littoral states.
The proposal arrives as global markets face a convergence of risks.
President Donald Trump’s administration has previously floated the idea of imposing tolls on shipping through the strait, adding a layer of uncertainty to already elevated energy costs.
Now, with Tehran and Muscat aligning on a similar concept, the risk of a fragmented and costly transit regime has materialized.