This is nuts - as usual @joshtpm.bsky.social captures my thoughts well
Perhaps I’m not understanding how this works. But these are unimaginable sums. Let’s say Iran wants a 5% fee, the low end of the demand Trump is accepting. Approx. 20% of global oil production goes through the strait. So 5%, 20% … this means Iran takes a 1% cut off the top of the export …