In a dramatic twist to the geopolitical standoff, Iran says it has received its first revenue from tolls charged on vessels transiting the Strait of Hormuz, a waterway through which about one-fifth of the world’s oil normally flows. Deputy Speaker of Parliament Hamidreza Hajibabaei announced that the initial toll payments have been deposited into Iran’s Central Bank, signalling Tehran’s attempt to monetise control over the strait amid the ongoing war with the United States and Israel.