Iran’s Hormuz Blackmail Threatens Global Domino Effect — Will Malacca Strait, Gibraltar & Red Sea Be Next?

Iran is incessant in turning the Strait of Hormuz into a toll booth for Tehran. Iran is reportedly demanding US$2 million for the safe passage of every tanker from the Strait of Hormuz. Furthermore, the payment must be made in Yuan or in cryptocurrency, breaking the five-decade-long stranglehold of petrodollars on the global oil economy. […] The post Iran’s Hormuz Blackmail Threatens Global Domino Effect — Will Malacca Strait, Gibraltar & Red Sea Be Next? appeared first on EURASIAN TIMES.