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Gemini said Iran Moves to Weaponize Chokepoint: Proposes Formal Tolls for Strait of Hormuz

Tehran Drafts Protocol with Oman to Regulate Shipping; Move Threatens to Upend Global Maritime Law

ByTop10Stocks Team
Gemini said Iran Moves to Weaponize Chokepoint: Proposes Formal Tolls for Strait of Hormuz
In a massive escalation of the ongoing economic and military conflict in West Asia, Iran has officially signaled its intent to impose tolls on commercial vessels transiting the Strait of Hormuz. According to statements by Iran’s Deputy Foreign Minister Kazem Gharibabadi, Tehran is actively drafting a protocol—reportedly seeking coordination with Oman—to establish a new "navigation regime." This confirms earlier reports that the Iranian parliamentary commission approved a plan for a rial-based toll system, effectively attempting to convert the world's most critical energy chokepoint into a sovereign toll booth. Why This is a Global Crisis The Legal Violation: Unlike the Suez Canal (Egypt) or the Panama Canal, which are human-made and legally operate as toll roads, the Strait of Hormuz is a natural international strait. Imposing a fee for transit is a direct violation of the UN Convention on the Law of the Sea (UNCLOS), which guarantees the right of "transit passage." Economic Extortion: The strait typically handles approximately 20% of global oil consumption and a massive chunk of Liquefied Natural Gas (LNG). A permanent toll system would embed a massive "risk premium" into global energy prices, driving up inflation worldwide. The "Energy Weapon": Facing intense military and economic pressure from the ongoing US-Israeli operations, Iran is using the strait as its ultimate strategic leverage.