Hormuz Tolls and Energy Crisis

The reopening of the Strait of Hormuz, a primary condition of the U.S.-Iran ceasefire, has faced immediate setbacks as Tehran demands a $1 per barrel transit fee paid in digital currency.

Shipping firms and insurers remain wary of the passage, with only a handful of vessels attempting the transit since the truce began.

Analysts warn that even if the waterway remains open, the extensive damage to regional oil infrastructure will prevent a rapid decline in global energy costs.

The situation has forced major airlines to hike baggage fees and adjust capacity to offset the surge in jet fuel prices.