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Wall Street Journal: Iran Estimates $40 Billion Windfall From Reopening Hormuz With Gulf States

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The Wall Street Journal

Iran is pushing to make billions of dollars from the Strait of Hormuz as the regime positions itself to manage the global oil artery it severed at the start of the war.

The Islamic Republic estimates that charging for security, safety and environmental services in the strait would bring in $40 billion a year in revenue for states involved, according to officials familiar with the matter. The idea, if implemented, would give Tehran cash flow and control that it didn’t command before the war.

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WSJ map of Positions of vessels that transited the Strait of Hormuz, June 14-24

Source: Institute for the Study of War