The Strait of Hormuz, a key energy trade waterway, remains at the center of the conflict between Iran and the United States. To formalize its supervision over the waterway, Iran has created the Persian Gulf Strait Authority, which requires ships to obtain transit authorization and pay tolls before sailing.
According to Lloyd's List, a shipping journal, the new agency has introduced a framework requiring ships to submit detailed records of ownership, insurance, crew details, and intended transit route.
The move seeks to formalize Iran's control of the Strait of Hormuz, which the United States has opposed, citing it as an international water body.
Meanwhile, the United Kingdom and France will host over 40 countries to discuss a European-led plan to escort vessels through the Strait of Hormuz.
