By Daphné Richemond-Barak and Jacob Stoil
In April, Iran began charging ships transiting the Strait of Hormuz a “toll” for safe passage. By itself, this represents a dangerous new dynamic in the Middle East that may have begun with the Houthis in Yemen as early as 2024, wherein parties extort international commerce by imposing fees in exchange for safe transit as part of their war effort. Although some countries have agreed to pay Iran’s fees, many countries such as the United Kingdom as well as organizations, including one representing the majority of tanker firms, have condemned it.