With the Middle East conflict on pause, the ceasefire eases the worry of several countries who need to go through the Strait of Hormuz to get oil. However, reports are now emerging that Iran is allegedly charging roughly $2 million (£1.484 million) in transit fees from vessels crossing the waterway.
Before the US-Iran war, there was free and safe navigation through the Strait of Hormuz that carried a fifth of all the world's oil supply from the Persian Gulf. But with reports of these charges, US President Donald Trump responded by saying that it was not part of the agreement the United States had with Iran, BBC reported.
