‘India also collects toll in Andaman Sea’ Ajay Bagga gives great advice amid Hormuz crisis, tells masterplan against Iran!

New Delhi: With increasing tension in the Strait of Hormuz, Iran has talked about collecting toll from ships. Iran says it wants to control this waterway and will charge at least one dollar per barrel from passing ships. The discussion on this issue is intensifying.

Iran’s proposal and global concern

As part of the ceasefire, Iran has demanded imposition of toll on oil tankers passing through the Strait of Hormuz. If this is implemented, it will have a major impact on global oil trade. It is estimated that this could lead to an additional expense of about $2.5 million on each shipment, which could further increase oil prices.

Tolls were never levied on the world’s natural waterways before. Fees were charged only on man-made canals like Panama and Suez, but Iran’s move threatens to break the old rule.

Ajay Bagga’s advice

Famous banker and market expert Ajay Bagga has given his opinion on this. He said that if Iran gets permission to collect toll in Hormuz, it will set a dangerous precedent. Then such charges may also be imposed in Malacca Strait of Singapore and Bosphorus of Türkiye.

Ajay Bagga suggested that India should also take advantage of its strategic position. He said that India should start collecting toll from ships passing through the Indian Ocean by creating a strong naval presence in the southern part of the Andaman and Nicobar Islands.

Strategic importance of Andaman and Nicobar

Ajay Bagga specifically mentioned Indira Point, which is the southernmost point of India located on Great Nicobar Island. Sabang area of ​​Indonesia is only 145-170 kilometers from here. This place is near the entrance to the Strait of Malacca and is considered an important waterway of the Indian Ocean.

India and Indonesia are working together to promote maritime security and trade in the region. The short distance between Indira Point and Rondo Island of Indonesia makes it strategically strong.

What if this trend starts?

Ajay Bagga warned that the imposition of toll in Hormuz could start a new trend of collecting fees on natural waterways all over the world. This will affect international trade and many countries will have to bear additional expenses.

It has become necessary for countries like India to increase the security of their maritime borders and reap economic benefits. This advice of Ajay Bagga has been given keeping in mind both geo-politics and the market.