I will take the over on fees/tolls (whatever you want to name it) are coming >> Iran Tells UN It Has Right to Control ‘Parts’ of Hormuz Strait Iran told the United Nations’ shipping agency that it has authority over parts of the Strait of Hormuz, the waterway that’s a centerpiece of peace talks between Washington and Tehran. “Parts of the Strait of Hormuz fall within the territorial waters of the Islamic Republic of Iran,” the country said in a document submitted to the International Maritime Organization, the UN agency charged with overseeing shipping. “Under the international law of the sea, a coastal State exercises sovereignty, jurisdiction and sovereign authority over its territorial sea.” (Bloomberg)