Tensions in the Strait of Hormuz are escalating rapidly as the United States warns Iran and Oman against any attempt to control shipping through one of the world’s most critical oil routes. Washington says Tehran’s new shipping regulations and transit fees amount to a dangerous ‘toll system,’ and has threatened sanctions against companies or governments facilitating payments. Treasury Secretary Scott Bessent says freedom of navigation in Hormuz is non-negotiable, while Vice President JD Vance claims a final agreement could fully reopen the waterway. Iran, however, insists it is only managing maritime security and has accused the United States of violating a recent ceasefire.
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