As Iran’s Islamic Revolutionary Guard Corps (IRGC) tightens its financial grip on the world’s most critical oil chokepoint with a new toll system, President Donald Trump dismissed the regime’s power, declaring the United States entirely insulated from the crisis.
A De Facto ‘Toll Booth’
Following a 90% plunge in traffic through the Strait of Hormuz, as reported by CNBC, Iran has established a highly controlled shipping corridor near Larak Island. The IRGC is now charging tolls starting at $1 per barrel of oil, payable in Chinese Yuan or stablecoins.
Vessel operators must undergo rigorous vetting through IRGC-linked intermediaries. Ships are forced to provide cargo manifests and transponder data to prove they have no ties to the U.S. or Israel before receiving a passage permit.
“Iran’s IRGC has imposed a de facto ‘toll booth’ regime,” reported Lloyd’s List Intelligence, noting that Tehran’s parliament recently advanced a bill to institutionalize this financial control over the waterway.
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