Iran Should Toll 20 Million-Barrel Hormuz Flow as U.S. Fails to Fully Reopen Strait
Updated
Updated · The New York Times · Aug 24
Iran Should Toll 20 Million-Barrel Hormuz Flow as U.S. Fails to Fully Reopen Strait
3 articles · Updated · The New York Times · Aug 24
Summary
A New York Times opinion piece argues the least-bad way to reopen the Strait of Hormuz is to let Iran control transit and charge tolls.
About 5 million barrels a day now cross without explicit Iranian approval, down from roughly 20 million before the war, showing Tehran can still deter shipping even after months of U.S. strikes.
The article says Iran cannot fully close the 90-mile waterway, but the United States also cannot fully secure it because missiles, drones and attack boats keep private shippers from risking crews and cargoes.
A supply shortfall that reached as much as 14 million barrels a day has already drained global oil buffers, and the piece warns a prolonged standoff could trigger a sharper price spike and wider economic damage.