US Presses Iran on Hormuz Tolls as Shipping Rebounds
US officials told indirect talks in Qatar this week that a nuclear deal would benefit Iran more than collecting tolls in the Strait of Hormuz, according to Semafor Net Zero.
Daily flows through the waterway now top 10 million barrels, a US official told Bloomberg, describing the increase as a sign that Tehran has limited power over traffic there.
That rebound in commercial shipping through the strait could give the US added leverage in its talks with Iran, analysts told Semafor Net Zero.
Iran's chief negotiator said the country exported nothing during the US blockade but has moved 40 million barrels since it ended, according to Semafor Net Zero.
Source: semafor.com (opens in a new tab)1 sourcePermalink