Inside Iran's Bid To Turn The Strait Of Hormuz Into A Cash Machine

Iran is pursuing a strategic plan to generate up to $40 billion annually by implementing passage fees in the Strait of Hormuz, mirroring Turkey's Dardanelles system. Simultaneously, regional tensions have escalated after a cargo vessel was struck and damaged by a projectile. This incident occurred shortly after Iran issued orders for ships to turn back, increasing fears regarding maritime security and stability within this critical waterway as the nation seeks new revenue streams.