Straight of Hormuz

Rajeev Sharma :- A major development surrounding the strategically crucial Strait of Hormuz could significantly impact global energy markets, particularly countries heavily dependent on Gulf oil imports such as India. Reports indicate that Iran and Oman are considering the introduction of a permanent toll system for ships and oil tankers passing through the vital maritime corridor. The move is reportedly aimed at formalising control over one of the world’s busiest energy transit routes. Iranian officials argue that maintaining security and managing maritime traffic in the region requires substantial financial resources, and nations benefiting from the route should contribute towards those…