US oil executives are lobbying Donald Trump to oppose any deal allowing Iran to impose tolls on the Strait of Hormuz, warning it would set a dangerous precedent for global shipping. Industry leaders and the American Petroleum Institute say reopening the waterway, which handles about a fifth of global oil and LNG flows, is critical. They argue Iranian control would disrupt markets, raise costs and embolden other states, while some call for joint international action to secure the route.