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Every option triggers a different punishment.

A single auction bid hit 84 times the six-month median.

One model charges pennies per ton; another demands millions per vessel.

Ships pay up to $2 million per crossing.

Paying the toll breaks US law. Refusing it risks your ship.

The backup route runs through the worst ports on Earth.

Now ships are being told how deep they can sit.

Only icebreakers and research ships usually go that far.

Sixty free days end August 17. No replacement exists.

A drone just proved the endpoint can be reached.

The pipeline works. The exit does not.

No collector has a reason to lower prices.