Iran Imposes Shipping Tolls and Monitored Routes in Strait of Hormuz After US Brokered Ceasefire

Iran's Revolutionary Guard issued maps for a strictly monitored transit corridor in the Strait of Hormuz after a ceasefire agreement mediated by the US.Donald Trump suggested a joint venture for shipping tolls as the Petroleum Exporters Union proposed cryptocurrency payments despite international laws.Global oil prices rose to nearly 97 dollars while traffic remains 97 percent below pre-conflict levels with full normalization expected within eight weeks.
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