Iran Blocks Strait of Hormuz and Demands Tolls as Oil Prices Surge Despite Fragile US Ceasefire

Iran is restricting traffic in the Strait of Hormuz and demanding millions in tolls despite a US-brokered ceasefire.Tehran warned it could also disrupt the Bab el-Mandeb chokepoint through Houthi proxies following Israeli strikes in Lebanon.The Revolutionary Guard continues to block shipping as global oil prices surge toward 115 dollars per barrel.Donald Trump has demanded the immediate reopening of the waterway to ensure global economic stability and energy trade.
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