“The memorandum of understanding that the U.S. and Iran signed on Wednesday could cement Tehran’s long-term control of the Strait of Hormuz, leaving the door open for the regime to charge fees on oil tankers and other ships attempting to transit it in the future,” Politico reports.
“The oil industry has said throughout the conflict that its top priority is to restore shipping flows through the Hormuz to the way they were prior to the war, when the waterway carried 20 percent of the world’s oil and was fully open to vessels without any tolls or fees. The Trump administration said it shared that goal, but analysts said the agreement appears to throw that into question.”
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