Iran Signals Intent to Monetize Hormuz; U.S. Draws Line Against Transit Tolls

Iran fired on a cargo ship in the Strait of Hormuz on June 25, signaling it may weaponize control over the chokepoint where 20 percent of global oil passes. Secretary of State Marco Rubio rejected any deal allowing Tehran to impose transit fees, warning the precedent would spread to other waterways. Gulf states align with the U.S. position, but Iran's kinetic signal suggests it may enforce demands outside negotiations.