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U.S. to Toll Hormuz Oil Route | Durham News
The Strait of Hormuz, long a free oil highway guarded by the U.S. Navy, is now being turned into a U.S.-run toll road. President Trump’s new policy demands foreign ships pay for safe passage and blocks Iranian vessels, forcing others into a narrow Omani lane. This move adds a hidden tax on oil, driving up prices at the pump, airfare, and shipping costs — and potentially stalling inflation-fighting efforts. Energy giants like Exxon and Chevron may profit, while airlines and retailers face squeezed margins. Watch for Brent crude to settle above $80 and see how allies respond — because cheap oil…
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