Trump, Iran and the $150,000 Strait of Hormuz toll
Oil flows will not return to normal until the second half of next year - even if the Strait of Hormuz opens now.
That’s the grim prognosis of the UAE’s most senior oil executive. But even if it does open, Iran is implementing a system of tolls that will have long-term implications, both in the Middle East and further afield. International economic editor Hans van Leeuwen tells Roland Oliphant how the ongoing crisis in the Strait of Hormuz is transforming shipping all over the world.
Hans also looks at why India’s leader Narendra Modi is in Europe at the moment trying to drum up deals amid…
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