IRGC has reportedly imposed a de facto ‘toll booth’ regime in the Strait of Hormuz, requiring vessels to submit full documentation, obtain clearance codes and accept IRGC-escorted passage through a single controlled corridor, according to Lloyd's List

The reported imposition of a ‘toll booth’ regime by the IRGC in the Strait of Hormuz indicates escalating control over a vital shipping lane, potentially heightening tensions. This development could disrupt oil supply chains and elevate prices, especially if vessels face delays or increased costs. Market participants should monitor for further escalations, as this could lead to increased risk premiums in oil and related assets.