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Will Iran Become the Hormuz Gatekeeper for the World?

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?