Marjorie Nadal (@chaosandorderinsight): "The toll road is now official. Bloomberg confirmed this morning: the IRGC is charging $1 per barrel, paid in Chinese yuan or stablecoins, via an intermediary company linked to the IRGC. Ship operators contact the intermediary first. No contact, no passage. This is the model pu…"

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The toll road is now official.

Bloomberg confirmed this morning: the IRGC is charging $1 per barrel, paid in Chinese yuan or stablecoins, via an intermediary company linked to the IRGC. Ship operators contact the intermediary first. No contact, no passage.

This is the model published here on 26 March. Not a theory anymore.

The Sound Dues precedent, the Majlis law in motion, the yuan settlement mechanism: all of it is now operational architecture, not speculation.

Marjorie Nadal

Mar 27

Iran's parliament has put a number on the Hormuz toll road: $70-80bn annually.

At that revenue level, this isn't a wartime measure. It's a permanent concession model. The Sound Dues on the Danish straits lasted four centuries before international pressure abolished them in 1857.

The market is pricing a reopening. It should be pricing a r…

Apr 3

8:39 AM

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