The 20% passage fee is so absurd that even Iran ridicules it... The principle of free passage is becoming increasingly distant, although it is unlikely to be realized.

AP Yonhap News Markets around the world were shocked when U.S. President Donald Trump suddenly announced that he would impose a 20% transit fee through the Strait of Hormuz. A 20% transit fee can more than double the cost of crude oil transportation. For this reason, experts say that it is not very likely to be realized. Iran ridiculed the United States, which completely reversed its position on free navigation in the Strait of Horumuz, and...