{"id":61538,"date":"2026-05-03T14:38:25","date_gmt":"2026-05-03T18:38:25","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-energy-markets-braced-for-volatility-as-iran-proposes-strait-of-hormuz-tolls-trump-rejects-peace-deal\/61538\/"},"modified":"2026-05-03T14:38:25","modified_gmt":"2026-05-03T18:38:25","slug":"global-energy-markets-braced-for-volatility-as-iran-proposes-strait-of-hormuz-tolls-trump-rejects-peace-deal","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-energy-markets-braced-for-volatility-as-iran-proposes-strait-of-hormuz-tolls-trump-rejects-peace-deal\/61538\/","title":{"rendered":"Global Energy Markets Braced for Volatility as Iran Proposes Strait of Hormuz Tolls; Trump Rejects Peace Deal"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Iran is finalizing a 12-point law to &quot;manage&quot; the Strait of Hormuz, which includes a permanent ban on Israeli vessels and mandatory tolls for all other ships to cover &quot;safety and environmental protection.&quot;<\/strong><\/li>\n<li><strong>President Donald Trump has officially rejected a 14-point Iranian peace proposal, labeling the terms &quot;unacceptable&quot; and urging the pardon of Israeli PM Benjamin Netanyahu to ensure focus on the ongoing conflict.<\/strong><\/li>\n<li><strong>Global energy markets face significant disruption as the U.S. warns shipping companies that paying Iranian-imposed tolls could trigger secondary sanctions, threatening 20% of the world&#39;s oil and LNG supply.<\/strong><\/li>\n<li><strong>UK Prime Minister Keir Starmer faces a &quot;moment of high jeopardy&quot; in the May 7 local elections, with polling suggesting Labour could fall to third place in key regions behind Reform UK and the Greens.<\/strong><\/li>\n<\/ul>\n<p><strong>Iran Moves to Control Strategic Waterway<\/strong><br \/>\nSenior Iranian lawmakers have announced a new maritime regime for the <strong>Strait of Hormuz<\/strong>, a move that threatens to fundamentally reshape global trade. According to <em>Press TV<\/em>, the proposed legislation will establish strict conditions for transit, including a <strong>total ban on Israeli-owned vessels<\/strong> and a requirement for &quot;hostile&quot; nations to pay war reparations before passage. All other commercial vessels will be charged tolls for services such as <strong>maritime guidance, safety, and environmental protection<\/strong>, with 30% of the revenue earmarked for military infrastructure.<\/p>\n<p>The new law requires permissions to be obtained from Iran\u2019s Supreme Leader before being passed to the <strong>Armed Forces<\/strong> for enforcement. <em>Market analysts<\/em> warn that these measures could cause a sharp spike in insurance premiums and freight costs for major energy players like Shell (<a href=\"\/stock\/SHEL\">SHEL<\/a>), BP (<a href=\"\/stock\/BP\">BP<\/a>), and ExxonMobil (<a href=\"\/stock\/XOM\">XOM<\/a>). Shipping giant Maersk (<a href=\"\/stock\/AMKBY\">AMKBY<\/a>) and other logistics firms are already evaluating the risk of secondary U.S. sanctions if they comply with the Iranian fee structure.<\/p>\n<p><strong>Trump Rejects Iranian Proposal, Backs Netanyahu<\/strong><br \/>\nIn a high-stakes interview with Israel&#39;s <em>Kan News<\/em>, President <strong>Donald Trump<\/strong> confirmed he has rejected a 14-point proposal from Tehran intended to de-escalate regional tensions. Trump stated that he had &quot;studied everything&quot; and concluded the deal was &quot;not good for us,&quot; emphasizing that Iran has not yet paid a &quot;big enough price&quot; for its recent actions. The rejection signals a continuation of the &quot;maximum pressure&quot; strategy, leaving the three-week-old ceasefire in a precarious state.<\/p>\n<p>During the same interview, Trump called for the immediate pardon of Israeli Prime Minister <strong>Benjamin Netanyahu<\/strong>, referring to him as a &quot;wartime prime minister&quot; who should not be distracted by &quot;nonsense&quot; legal proceedings. Trump argued that Israel&#39;s survival is tied to the leadership of &quot;me and Bibi,&quot; and urged President Isaac Herzog to clear Netanyahu of all charges. This political backing comes as Netanyahu weighs moving Israeli elections forward to September amid the shaky truce.<\/p>\n<p><strong>Starmer Faces &quot;Crucial Moment&quot; in UK Local Elections<\/strong><br \/>\nIn the United Kingdom, Prime Minister <strong>Keir Starmer<\/strong> is bracing for what the <em>Financial Times<\/em> describes as a &quot;crucial moment&quot; for his premiership during the May 7 local elections. Following a high-profile U-turn on plans to delay 30 council votes, Starmer is facing a surge from <strong>Reform UK<\/strong> and the <strong>Green Party<\/strong>. Recent polling suggests Labour could suffer &quot;unprecedented&quot; losses, potentially falling into third place in the Welsh Senedd and losing control of several key English councils.<\/p>\n<p>The elections are viewed as a referendum on Starmer&#39;s leadership following a series of political setbacks and the rising popularity of <strong>Nigel Farage&#39;s<\/strong> Reform UK. <em>Political strategists<\/em> suggest that significant losses could trigger a leadership challenge within the Labour Party. Investors are closely watching the results for signs of shifts in UK fiscal policy, which could impact the <strong>FTSE 100<\/strong> and the strength of the British Pound.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Iran is finalizing a 12-point law to &quot;manage&quot; the Strait of Hormuz, which includes a permanent ban on 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