The debate shifted after the US President briefly proposed charging ships a toll to transit the Strait of Hormuz before withdrawing the idea. While another fee may seem an added burden, some argue a predictable charge could be preferable to today’s volatile war-risk insurance premiums if it genuinely improved security.
More importantly, the proposal introduces the idea that commercial shipping could fund the protection of this strategic waterway. Whether adopted or not, that alone changes the debate.
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