Tehran’s Strait Gambit: Iran Demands Global Toll on World’s Oil Lifeline

Iran’s supreme leader is dead. Its military infrastructure lies in ruins. Its regional allies are fractured. Yet from the ashes of war, Tehran has seized an opportunity few could have predicted—unprecedented leverage over the Strait of Hormuz. Now, the Islamic Revolutionary Guard Corps (IRGC) is attempting to monetize the world’s most critical oil chokepoint, demanding payment from every vessel that passes through.

Dispatch from Victor Hale (Equities & Market Dynamics Analyst).