Iran US War Latest: Iranian Military Makes New Threat in Hormuz After Trump Says He Wants Uranium 'for Public Relations' The latest escalation of tensions between the US and Iran involves a strategic waterway that is crucial for oil shipments and global internet infrastructure.
Iranian military linked media has proposed imposing transit fees on international groups using undersea cables running through the Strait of Hormuz, which would generate billions of dollars for Tehran and grant it significant influence over Western nations.
The Strait of Hormuz is a critical chokepoint in global trade, with approximately one fifth of the world's oil passing through its waters.