President Trump on Wednesday said he is considering the formation of a “joint venture” with Iran to set up tolls in the Strait of Hormuz after the Trump administration and Tehran agreed to a two-week ceasefire deal.
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The president also suggested Monday that the U.S. could impose its own tolls on vessels trying to transit through the channel. Leaders in Tehran signaled last week it would install a “toll booth” system to exert a price on ships seeking safe passage through the strait.
The right of “innocent passage” in a country’s territorial waters is guaranteed by the UNCLOS. It’s a legally binding rule since both Iran and the USA have signed the convention.
But both have probably also violated a dozen of international conventions since the start of the war, so that’s mostly besides the point.