Published: Apr 08, 2026, 23:15 IST | Updated: Apr 08, 2026, 23:15 IST
Iran has approved a draft bill to formalise transit fees in the Strait of Hormuz, introducing a tiered system for global shipping. While a temporary U.S.-Iran ceasefire has brought some relief to markets and resumed ship movement, questions remain over long-term control, legality, and global trade impact. Is this a short-term pressure tactic or a structural shift in one of the world’s most critical oil routes?