Tolls in the Strait of Hormuz now look almost impossible to avoid. Should they land, the world would be paying a new tax on energy itself, and everyone from investors to households would feel it.
The prospect of a permanent toll on ships transiting the Strait of Hormuz has become a credible risk for global markets, and could prove far more consequential for investors than the latest military escalation, warns Nigel Green, CEO of financial advisory giant deVere Group.
