The global ‘freedom of the seas’ is dying in the Strait of Hormuz—and everyone, everywhere, will pay the tolls | Fortune0

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• August 18, 2026

Concerns are growing that the de-facto tolling of the Strait of Hormuz could trigger a domino effect for key shipping bottlenecks worldwide, creating more global inflation and effectively killing key components of international maritime law. As Iran insists on some form of fee structure for traversing the now-infamous strait—and the U.S. increasingly seems unable to