Iran details Hormuz toll payment plan

Senior Iranian officials have grown frustrated with a government plan to generate revenue from shipping in the Strait of Hormuz, with little money collected despite expectations of significant income. Iran's state media now reports that planned tolls for transit through the strategic waterway will be paid via Iranian banks. This represents a concrete implementation step for Iran's previously announced regulatory framework for Hormuz shipping. The development comes amid ongoing tensions with the United States over freedom of navigation and Iran's attempts to assert control over the vital chokepoint.