Iran War Hormuz Toll Could Trigger $136bn Global Chokepoint Scramble, Analysts Warn

The Strait of Hormuz has become the war’s financial fault line — Iran’s bid to toll ships could reshape global trade costs from Gibraltar to the Bosphorus. (Credit: Official Navy Page/WikiMedia Commons)

The Strait of Hormuz has become the financial fault line of the Iran war. What began as a campaign to curb Tehran's nuclear ambitions has turned into a fight over who gets to charge ships for using one of the world's busiest waterways.

Analysts now warn that if Iran succeeds in cementing tolls on Hormuz, it could hand a blueprint to other nations sitting on strategic chokepoints, from Gibraltar to the Bosphorus, potentially reshaping global trade costs for good.