Iran has announced a controversial plan to charge shipping fees for vessels passing through the strategically vital Strait of Hormuz. The proposed toll of $1 per barrel of oil transiting the strait, which would be payable in cryptocurrency, has sparked concerns about increased energy prices and trade disruptions. While Iran has agreed to a two-week ceasefire and allowed the first ships to pass through since the deal, shipping companies are still seeking clarity on the toll requirements and the overall safety of navigation. The Greek Prime Minister has condemned the tolls as unacceptable, warning they threaten freedom of navigation. As the situation evolves, shippers are closely monitoring developments and considering the implications for global oil markets.