Iran sets up 'toll booth' in Strait of Hormuz, as oil tankers detour via Larak Island for safe passage

Traffic through the strait has fallen by 90% since the war began on Feb 28.

Nearly all transits recorded in the past three weeks have taken a detour through the narrow channel north of Larak Island.

Iran’s IRGC has imposed a de facto “toll booth” regime in the Strait of Hormuz: analyst. This also touches on aspects of earnings report.

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