Iran's plan to impose a toll on ships passing through the Strait of Hormuz has sparked global tensions, with the European Union and Gulf states strongly opposing the move.
The toll, which could cost up to $2 million per vessel, is aimed at funding reconstruction following US-Israeli attacks, but insurance specialists have noted that Iran's approval regime for Hormuz transits remains intact.
The United States has taken an ambivalent position, with President Donald Trump suggesting a joint US-Iran system, but White House spokeswoman Karoline Leavitt cautioning that Washington had not yet taken a definitive position.
Analysts believe that a partnership between Oman and Iran could be the most credible scenario, with receipts from the system potentially bringing Iran $70 billion to $90 billion a year.
Gulf states, however, are strongly opposed to the move, with the United Arab Emirates' Sultan Ahmed Al Jaber denouncing any question of a toll as 'the weaponisation of this vital waterway, in any form, cannot stand.'
