BREAKING: Iran is pitching a plan where it would charge fees along with Persian Gulf countries for vessels looking to transit the Strait of Hormuz, per WSJ. Details include: 1. Iran estimates it could make $40 billion per year by charging for security, safety, and environmental services in Hormuz 2. Iran is pitching the idea to the wider Middle East and as far afield as Beijing 3. "Everyone needs to know that management of the Strait will never return to the way it was before," Iran's Speaker of the Parliament said 4. Iran has already set up an insurance firm it says shippers must use to cross the Strait of Hormuz Iran appears to be preparing for fees to transit Hormuz after the US-Iran 60-day MoU expires.(The Kobeissi Letter)