Hormuz Blockade Shakes Global Energy

The strategically vital waterway, which handles a significant portion of the world's oil and gas, is currently limited to a handful of Iran-linked vessels.

Tehran has issued new maps warning of 'danger zones' and demands that all ships coordinate with its military forces and potentially pay tolls in cryptocurrency.

The U.N.'s shipping agency has warned that such tolls would set a dangerous precedent, while major energy consumers in Asia and Europe face mounting economic pressure.

The situation remains a major sticking point in upcoming peace negotiations, with the U.S. demanding a complete and unconditional reopening of the strait.