Iran Hormuz FeesIran has proposed a 5 to 7 percent fee on cargo passing through the Strait of Hormuz, according to a social media report. AdvertisementKey TakeawaysMarket pricing suggests participants view Iran’s fee proposal as increasing the likelihood of an eventual implementation, as indicated by rising odds for long-term scenarios. Longer-term market pricing, particularly for December 31, suggests greater confidence in Iran potentially formalizing the fees, supported by a 52% YES likelihood. What to WatchMarket participants are monitoring developments from key actors, including the Iranian Parliament and the IRGC, which could influence fee implementation. Observers should also note potential responses from global shipping firms and international maritime bodies, which may react to Iran’s fee demands.