An Iranian parliament official has been cited in newswires as saying the country's planned Strait of Hormuz toll for ships seeking to pass is to be paid through Iranian banks. Previously it was said to be through cryptocurrency, and could be as a high as $2 million Oil rose higher, given this is another indicator this game of chicken in the narrow waterway could soon lead to fresh hostilities, despite the 2-week ceasefire still being in place, soon to expire.
As for negotiations, there's optimism another round of US-Iran talks will occur, with both sides having agreed in principle, but Iran's government informed Pakistan that the US must back off its maximal demands.
Reuters: U.S. and Iranian negotiators have scaled back ambitions for a comprehensive peace deal and are instead seeking a temporary memorandum to prevent a return to conflict, two Iranian sources told Reuters.
