Iran Now Threatens Fees for Subsea Internet Cables in the Strait of Hormuz

Image for article Iran Now Threatens Fees for Subsea Internet Cables in the Strait of Hormuz
News Source : Slashdot.org

News Summary

  • IF this is true, it's a perfect, real-world, textbook example of rent-seeking.
  • Nobody will notice, except for the neighbouring Gulf states, who will probably see traffic slowdowns, as their other connections must take the packets.
  • The Internet was designed by DARPA precisely for this kind of situation, namely routing around damage to the network because of war damage.
  • This is completely unlike the oil price hikes, which will remain for at least as long as the US and Israel keep inflaming the region.
Irans government wants to charge the worlds largest tech companies for using the subsea internet cables laid under the Strait of Hormuz, reports CNN.

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