A Strait of Hormuz "toll" would pose major economic and geopolitical risks, experts say

TL;DR

Iran's Islamic Revolutionary Guard Corps may be implementing a "toll booth" regime in the Strait of Hormuz, requiring documentation and clearance.
Iran has indicated it could charge vessels a fee for safe passage under a long-term peace deal for the strait.
The Strait of Hormuz normally accommodates about 20% of the world's oil and liquefied natural gas supply.
Shipments through the strait have significantly decreased, with tanker traffic falling from over 100 ships per day to around 10.
Analysts suggest a toll could amount to $1 per barrel, potentially generating millions for Iran per tanker.
While a toll might not drastically increase the marginal cost of oil production, it could create a persistent risk premium in oil prices.
Increased insurance rates and freight costs due to heightened risk could transfer additional expenses to consumers.
Damage to oil and natural gas facilities in the Gulf is considered a more significant factor for oil prices than potential tolls.

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