Iran plans to impose duties on tankers and ships in Persian Gulf, according to a source cited by CNN

Iran plans to impose duties on tankers and ships in Persian Gulf, according to a source cited by CNN.

This development indicates Iran's strategic move to leverage its position in the Persian Gulf, potentially increasing shipping costs and impacting oil supply routes. Such duties could create upward pressure on energy prices, particularly WTI, as traders reassess geopolitical risks in the region. Monitor how this might influence sentiment across commodities and related markets.