Source: The American Prospect
by Emma Janssen
“As the U.S. and Israel’s war against Iran enters its second month, Iran has found a new way to hold leverage over the world economy: closing and opening the Strait of Hormuz at will. Iran’s ability to shut off one of the world’s major shipping routes, which transports one-fifth of the world’s oil and gas, allows it to dictate the cost of energy in the U.S. and everywhere else. Reporting suggests that Iran’s control over the strait won’t clear up whenever the war ends. … on Monday, the Iranian parliament passed a bill that would impose tolls on any ship passing through the strait, while banning U.S. and Israeli vessels from entering.” (04/01/26)
https://prospect.org/2026/04/01/iran-war-trump-strait-hormuz-fertilizer-fossil-fuels/