Iran has formalized a new toll system for vessels navigating the Strait of Hormuz, which is crucial for global oil transport. The Persian Gulf Strait Authority (PGSA) requires ships to submit a 'Vessel Information Declaration' that includes comprehensive details about ownership, crew, and cargo. This initiative is part of Iran's broader strategy to assert control over the strait amid heightened tensions with the United States. Iranian officials have warned that countries adhering to US sanctions will encounter challenges when attempting to cross the waterway. The toll system aims to generate revenue for Iran, and the country has already begun collecting fees from vessels. The situation has intensified since the onset of the Middle East conflict, leading to significant disruptions in oil supply and rising energy prices. The US has responded with its own sanctions and blockades, further complicating the situation in the region.