Rubio sounds alarm over Iran s 40B Hormuz shakedown threatening global trade

Secretary of State Marco Rubio warned Iran's reported Hormuz toll plan could unleash a dangerous global precedent for trade.

Rubio said allowing Tehran to monetise one of the world's busiest shipping lanes could spread to other key maritime chokepoints.

The reported proposal could generate up to $40 billion a year by charging vessels using the strategic Strait of Hormuz.

According to reports, Iran envisions a formal toll system tied to security, transit services and regional oversight arrangements.

Rubio warned the model could spread "like a contagion," with other nations attempting to tax vital international waterways.