Iran has collected a 'pittance' of less than $1.3 million in Hormuz tolls, Bessent says

Iran has collected a meager $1.3 million in tolls from the Strait of Hormuz, according to reports. This reflects the impact of U.S. sanctions on Iran’s oil exports and is causing instability in global markets. The U.S. anticipates Iran’s oil storage is nearing capacity and may need to halt production within the week.