Money talks: As the Iran war continues, Hormuz tolls gain traction

(Credit: NurPhoto / Contributor)

The Strait of Hormuz has become the central battleground of the U.S.-Iran conflict.

Prior to the outbreak of the war on 28 February, roughly 20% of global oil and LNG shipments moved through the narrow waterway—today, just a handful of ships are moving through, according to maritime intelligence firm Kpler.