As reported by CNN, Iran has announced its intention to levy tolls on submarine cables that pass through the Strait of Hormuz, a move that could impact major technology firms including Google, Microsoft, Meta, and Amazon. Iranian authorities have emphasized that these corporations must adhere to Iranian regulations and remit the requisite licensing fees; failure to do so could expose them to the risk of disruptions in their data transmission services. Given that submarine cables are instrumental in carrying a vast volume of global financial transaction data, any interference with their operation has the potential to inflict considerable damage on the worldwide economy, financial markets, and energy supply chains.
