Chinese experts are suggesting innovative methods for settling potential tolls in the Strait of Hormuz, such as tying fees to global oil prices. These proposals offer alternative ways to manage the payments if the international community decides to implement tolls in the crucial energy passage.

While the world remains divided over the unresolved issue of toll collection in the Strait of Hormuz, some Chinese experts have proposed pegging fees to oil prices or using exportable digital tokens from China for settlements. If tolls were to be imposed in this strategic chokepoint for global energy trade, settlement mechanisms could be “innovative”, said Wang Yiwei, director of the Institute of International Affairs at Renmin University. “Tolls and settlements could be tied to oil prices or...