🇮🇷BREAKING: Iran has declared that no ship can transit the Strait of Hormuz without its explicit permission, and has introduced a mandatory insurance requirement for all vessels passing through the waterway.

The policy is free for the first 60 days but Iran has explicitly left the door open for future charges, framing it as an "insurance fee" that could be introduced once the initial period expires.
Iran has also mandated that ships follow a prescribed route through the strait, with all alternatives prohibited.
The move directly tests the limits of the US-Iran peace deal, which only guarantees free transit through Hormuz for the duration of its 60-day term. Iran appears to be using that window to establish the legal and logistical architecture for long-term control of the waterway.
The Strait of Hormuz carries roughly 20% of the world's oil supply. If Iran begins charging transit fees or enforcing route restrictions after the 60-day window closes, it would amount to a unilateral toll on global energy trade, something no maritime power has successfully imposed on a chokepoint of this scale in modern history.
Markets have not priced this in yet.#MyGateTradeStory