March 27, 2026
Is Iran getting rich from its oil blockade in the Strait of Hormuz?
Global oil prices continue to soar amid the U.S.-Israeli war with Iran, and the shutdown of the Strait of Hormuz is a major cause. But there are reports that Iran is allowing some ships to pass through—at a price. Andrew Chang breaks down how this ‘Tehran toll booth’ could be generating millions per ship while also breaking international law.
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