What is Iran’s Strait of Hormuz protocol and will other nations accept it?
Al Jazeera
Tehran's plans to tax ships passing through the strait and raise money to rebuild is already seeing pushback.
The Strait of Hormuz, which links the Gulf to the Gulf of Oman, has held global attention since Israel and the US began their war on Iran in February.
Until fighting began, the narrow channel, through which 20 per cent of the world’s oil and liquefied natural gas (LNG) supplies are shipped from Gulf producers in peacetime, remained toll-free and safe for vessels. The strait is shared by Iran and Oman and does not fall into the category of international waters.
After the US and Israel began strikes, Iran retaliated by attacking “enemy” merchant ships in the strait, effectively halting passage for all, stranding shipping, and creating one of the worst-ever global energy distribution crises.
Tehran continued to refuse to re-open the strait to all traffic at the start of this week, despite US President Donald Trump’s threats to bomb Iran’s power plants and bridges if it did not relent. Trump backed away from his threat on Tuesday night when a two-week ceasefire, brokered by Pakistan, was declared.
That followed a 10-point peace proposal from Iran that Trump described as a “workable” basis on which to negotiate a permanent end to hostilities.
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