Trump finally found a carbon tax he can love

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illuminem summarises for you the essential news of the day. Read the full piece on HEATMAP or enjoy below:

🗞️ Driving the news: As part of a ceasefire arrangement following tensions between the United States and Iran, Tehran has proposed a $1-per-barrel toll on oil shipments passing through the Strait of Hormuz, effectively creating what analysts describe as a de facto carbon tax on global oil flows

🔭 The context: Roughly 20% of the world’s oil supply passes through the Strait of Hormuz
• The proposed toll would add costs to shipments leaving the Persian Gulf and could be paid in Chinese yuan or stablecoins, potentially bypassing U.S. sanctions

🌍 Why it matters for the planet: The toll would slightly increase fossil fuel costs, creating an implicit carbon price signal that could marginally incentivize alternatives such as electric vehicles, renewables and energy efficiency

⏭️ What’s next: If implemented jointly with Oman, the toll could become a permanent fixture of global energy trade
• It could reshape oil shipping economics and adding a new geopolitical dimension to carbon pricing debates

💬 One quote: “A toll on oil passing through the Strait of Hormuz isn’t technically a carbon tax … but it also isn’t not.”

📈 One stat: A $1-per-barrel toll corresponds to roughly $2.3 per ton of CO₂ emissions — far below the $40–$50 per ton carbon price often proposed by economists

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