A 20% charge on a fully loaded VLCC is $30 million. Iran is widely believed to be charging less than 2%.
Trump is a buffoon.
Global shipping industry sounds the alarm over Trump’s Hormuz toll plan
... Shipping giant Hapag-Lloyd has said it is “fundamentally wrong” to charge tolls for passage through international waters, regardless of the country in charge.
“Tolls for infrastructure such as the Suez Canal or Panama Canal are different, because they reflect major infrastructure investments,” the firm said in a statement. “That is not the case in the Strait of Hormuz.” ...
