Iran Claims It Has Started Banking Hormuz Toll Revenue

Iranian lawmakers claim the country has started depositing revenue from its toll on ships passing through the Strait of Hormuz, and that it is “in control” of the crucial waterway.PULSE POINTS❓ WHAT HAPPENED: Iranian lawmakers claim the country has started depositing toll revenue collected from ships passing through the Strait of Hormuz into the state central bank. Hamidreza Hajibabaei, Deputy Speaker of the Iranian parliament, claimed on Thursday, “We have control over this Strait,” adding: “We are not engaged in negotiations—rather, we are making demands.”

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