The average price of one gallon of gasoline in the United States has reached $4.30, according to the American Automobile Association (AAA), up from less than $3 before the February 28 start of the US-Israel war on Iran.
The breakdown of talks between the U.S. and Iran, along with President Trump reportedly rejecting Iran's proposal for a reopening of the Strait of Hormuz, has the market losing hope for any quick resumption in oil flows.
Fertiliser shipments passing through the Strait of Hormuz account for roughly one-quarter of global ammonia trade and more than a third of seaborne urea. Even the slightest perceived risk can drive up fertiliser prices, stall shipments and cause a seismic shift in food price inflation.
Iran is now planning to charge ships passing through the Strait of Hormuz. If we split [income from levies] three ways-Indonesia, Malaysia, and Singapore-it could be quite substantial. Indonesia stands to benefit most, given that its stretch is the largest and longest.
The first warning of such a crypto scam came from the Greek maritime risk management company MARISKS on April 20, according to Reuters. The company alerted shipowners that scammers posing as Iranian authorities had sent messages to shipping companies asking for 'transit fee' payments in bitcoin or tether.
