14 April 2026

The War Will End With a Hormuz Toll Booth

Amir Handjani  

When the Iran war ends, the United States and Israel will declare victory and move on. Iran will likely do the same. It will frame the airstrikes on Kharg Island, the destruction of Iranian naval assets, and the killing of Supreme Leader Ali Khamenei as the price it paid for standing up to U.S.-Israeli aggression. But airstrikes and destroyed naval assets will not address the economic damage Iran has absorbed. Tehran will be left with shattered infrastructure, an economy in freefall, and a political class that needs to show its population that it has extracted something tangible from the war.

Most of Tehran’s demands to end the war are maximalist, as are Washington’s right now. One of Iran’s demands may be achievable if structured correctly: the right to operate the Strait of Hormuz as a tolled waterway, in formal partnership with Oman.

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