Iran plans to turn the strait into a money spinner, just as Egypt charges for access to the Suez canal. By some calculations, given the massive scale of the traffic that passes through the strait each year, Iran could raise $80bn a year. He continues to insist Iran has been defeated and yet Iran continues to behave as if it is not. Such is Iran’s stranglehold even Trump describes Iran allowing ships through as a “present” to the US. “There is no policy intervention that can cope with a disruption that large.”For Iran, oil trading anything above $100 a barrel is pitched high enough to destroy demand and disrupt the world economy.

Source: The Guardian March 27, 2026 14:43 UTC