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How the Strait of Hormuz Toll Is Reshaping Global Oil Trade
On July 13, 2026, President Trump proposed a 20 percent toll on cargo ships passing through the Strait of Hormuz, restarting an Iran blockade and sending shockwaves through global energy markets. Lucas and Luna break down what this means for oil prices, tanker routes, and the economics of maritime chokepoints. They discuss how the toll could reshape trade flows, increase costs for Asian refiners, and accelerate investments in alternative shipping routes like the Saudi-Iraq pipeline. With the S&P 500 down and emerging-market ETFs like EWY sliding 7 percent in a week, the hosts connect the…
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