Iran announced plans to enforce a $2 million fee for safe passage through the Strait of Hormuz, a move tightening control over the critical oil route. U.S. President Donald Trump demanded unrestricted access, threatening strikes if Tehran refuses. The strait, handling 20% of global oil exports, saw transits plummet 97% since conflict erupted, with only 116 ships passing March 1–25. Ships now require Iranian approval, broadcasting codes on VHF 16, while Iran claims sovereignty despite international law disputes. Analysts warn this could reshape global shipping, pushing Gulf states to seek alternatives like pipelines. Payment systems involve shadow banking networks, bypassing sanctions, though European and U.S. shipowners deny awareness of fees. Legal experts debate Iran’s compliance with maritime law, citing precedents like the Suez Canal. Geopolitical tensions persist as Trump extends deadlines for compliance, risking escalation. Shipping companies face logistical and financial hurdles navigating Iran’s new regime.