00:00Greek shipping tycoon Evangelos Maranakis stated at an industry forum that he would
00:04willingly pay a transit fee of $100,000 to $200,000 per vessel directly to Tehran to keep
00:11the waterway open. The IRGC has reportedly leveraged its coastal anti-ship missile batteries
00:16and fast attack craft to enforce ad hoc tolls through a newly formed Strait Authority.
00:21While Washington strongly opposes such tolls, the tycoon's pragmatic stance highlights the
00:26growing pressure on the shipping industry from soaring war risk insurance premiums
00:30and the high costs of rerouting vessels around Africa.
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