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The Economic Times

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Irans grip on Hormuz is tighter than ever after a month of war

Iran has gained significant control over the Strait of Hormuz. Vessel traffic has drastically reduced. Iranian-linked ships now dominate the waterway. Iran is preparing to introduce tolls for passage. This move impacts global energy markets and forces nations to seek Iran's approval. Alternative routes are being explored by other Gulf producers. Insurers are designating the region as a war zone.

30 Mar 2026 3:28 pm