Iran tightens grip on Hormuz despite cease-fire - WSJ
Iran told mediators it will limit ship crossings in the Strait of Hormuz to about a dozen per day and charge tolls of $1 million or more per ship under the US-brokered cease-fire, Wall Street Journal reported.
"Only four ships passed Wednesday, the fewest in April, down from over 100 daily before the conflict. Iran requires advance toll arrangements paid in cryptocurrency or Chinese yuan," the report added.
