Brief by Shorts91 Newsdesk / 03:16am on 23 Mar 2026,Monday International
Iran is reportedly charging up to $2 million from merchant vessels for passage through the Strait of Hormuz amid the ongoing war, according to lawmaker Alaeddin Boroujerdi. He described the move as an assertion of Iran’s authority. The strait, a vital route carrying nearly 20% of global oil and LNG, has been largely shut since early March, disrupting shipping and driving fuel prices higher. Iran appears to allow selective passage, including some Indian and Pakistani vessels. Tensions escalated after Donald Trump issued a 48-hour ultimatum to reopen the route, with Tehran warning of retaliation and a potential full closure if attacked. (PC: Reuters)
