Iran Says Control Of Strait Of Hormuz Could Earn More Than Oil Exports: ‘Significant Revenues’
Last Updated:May 13, 2026, 8:28 PM IST Iran tightens control of the Strait of Hormuz, imposes new transit fees, expands its operational zone, driving up global oil and gas prices and alarming the US and Gulf states. Ships and boats in the Strait of Hormuz off the coast of Musandam, Oman. (Image: Reuters) Iran has…