Oil prices climbed to $83.48 a barrel as concerns grow over the future of shipping through the Strait of Hormuz. Iran, working with Oman, has proposed charging ships transit fees and penalizing vessels it considers hostile, with Tehran reportedly seeking fees of 5% to 7% of a cargo's value. Oman is considering a fee of around 3%, while the U.S. is pushing for no charges at all. #iran #oil #economy #news #usa #hormuz