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Iran’s plan to maintain a chokehold on the strait by extracting a payment of $2m from each passing tanker has raised concerns that
“Tehran’s tollbooth” for Middle Eastern oil could lead to higher prices for years to come.
Within Tehran’s 10-point peace plan is a requirement that Iran and Oman will be free to charge a fee of up to $2m on each vessel transiting through the strait, according to reports.
Iran suggested this money would be used for reconstruction.
The sugge…