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Fortune
Fortune
Jordan Blum

Iran wants a mafia-style ‘protection’ toll on the Strait of Hormuz, but the eye-popping $20 billion per year haul is a pipe dream

(Credit: Photo by Ali Saeedi/Getty Images)

Iran’s hardline demand for a Strait of Hormuz fee system would generate close to $20 billion a year, but such astronomical tolls won’t be accepted by the U.S. or Iran’s Gulf neighbors, geopolitical and energy analysts say.

That means the ongoing stalemate will drag on indefinitely or Iran will eventually accept a lesser, but still substantial, financial payout. Either way, the Middle East and, as a result, global energy markets are forever changed.

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