Traffic through the Strait of Hormuz has fallen sharply in recent days. ReutersShow caption: Traffic through the Strait of Hormuz has fallen sharply in r…Security chief Mohsen Rezaei says zone will begin at US blockade line and extend into parts of GulfThe NationalSeptember 07, 2026
Iran plans to establish a "restricted zone" beyond the Strait of Hormuz within days, threatening sanctions against any vessels entering the area.
The US struck three Iranian oil tankers on Saturday, following IRGC attacks on American warships, marking a significant weekend escalation.
Iran and Oman have reportedly agreed on a new shipping corridor through the Strait of Hormuz, though details remain unpublished.
Shipping traffic through the waterway has fallen sharply, averaging about 10 commodity ships daily over the past 10 days, with Brent crude rising above $97 a barrel.
