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Posted on 04/08/2026 7:23:27 AM PDT by fruser1
The exact terms have not been agreed but Iran wants to charge tolls of up to $1 million on ships that pass through the Strait during the two-week period, an unnamed Middle East official told the Associated Press.
Trump welcomed the idea on Wednesday, telling ABC: 'We're thinking of doing it as a joint venture. It's a way of securing it - also securing it from lots of other people.
'It's a beautiful thing.'
The Strait, through which a fifth of the world's oil flows, has now become known as the 'Tehran Tollbooth', according to Bloomberg.
Ship owners go through a complex and expensive process of negotiation which includes middlemen, foreign currency and crypto transactions.
The ships must inform intermediary companies linked to the Islamic Revolutionary Guard Corps (IRGC) of the ship's cargo, destination, and ultimate owner.
Iran then charges a 'toll' of at least $1 per barrel - and this must be paid in Chinese yuan or cryptocurrency.
The average rate for a single oil tanker is $2 million. If everything is approved, IRGC boats will finally provide an escort into and out of the 'tollbooth'.
(Excerpt) Read more at dailymail.co.uk ...
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I think I'd rather see one of them collecting "tolls" instead of Iran, who will just be using the money to rearm as they did with obama money.
What would be even better would be the US collecting "tolls" to reimburse the operation.
This is a win?
sounds like a win. the US protects the straight and ships and collects a booty and keeps tabs on the mullahs.
win win win
No, it isn’t.
Quite the opposite.
That is the Trump we know.
LOL!!
I don’t think the money is going where Iranian thugocracy thinks it’s going.
Trump is nothing if not the ultimate wheeler-dealer.
There will be serious changes in Iran before they get a dime.
We get half the money and a million is less than 1% of the value of the ship.
They charge a toll to transit a natural waterway? Why? What did Iran do to make it more navigable?
This is what the Barbary Pirates did in the 1790s.
Why the US would want any part of this is beyond me.
Thought we sunk all their boats?
It is if we also get paid, that is typically what a joint venture is. Also going into business together promotes a better relationship between countries.
This also means China oil imports will cost more and that is a win.
But why not Oman collecting anything, afterall, their country is the one that juts out into the Strait (Or should I say Gays) of Hormuz?
bttt
But if it's Iran collects tolls forevermore, it's a loss.
We did, but we didn’t kill all but 8 year old girls and under. It is therefore, not a win.
I don’t see how this is a win.
If this is a win, I’d hate to see us lose.
The money will be passed on to the consumer.
I’m waiting to see the details, but so far, not impressed.
My rule is anything I read in any British tabloid, I assume the opposite is the truth.
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