Iran sets up 'toll booth' in Strait of Hormuz, as oil tankers detour via Larak Island for safe passage
- Posted on April 2, 2026
- By CNBC
- 1 Views
Iran sets up 'toll booth' in Strait of Hormuz, as oil tankers detour via Larak Island for safe passage
Iran has established a de facto safe shipping corridor in the north of the Strait of Hormuz to select ships, as Tehran sought to monetize its grip over the waterway.
