this post was submitted on 06 May 2026

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Iran launches ‘Persian Gulf Strait Authority’ to collect vessel tolls (www.tradewindsnews.com)

submitted 1 month ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] UnderpantsWeevil@lemmy.world 8 points 1 month ago (1 children)

The craziest thing about this decision is that they didn't engage in it sooner.

Given the economic success of Singapore, Hong Kong, Panama, and Israel, it's sort of crazy to control a global economic choke point and not milk it for all its worth.

[–] yogthos@lemmy.ml 9 points 1 month ago

I guess they realized that would be rather unpopular and would be a pretext for the west to invade. Doing it in response to the US invading and losing, completely reframes it.