The US oil industry has warned Donald Trump not to allow Iran to impose a toll on tankers transiting the Strait of Hormuz as part of a future peace deal, arguing it would set a dangerous precedent for other countries.
Senior oil executives told the FT the only way to solve the energy crisis rippling across the world is to reopen the strait, a waterway through which a fifth of the world’s crude and liquefied natural gas typically flows.
But they said any outcome that left control of the strait in the hands of Iran could strengthen the regime, hurt industry and potentially embolden other governments including China to impose similar taxes on shipping.
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