Iran is preparing to introduce a new mechanism to regulate shipping through the Strait of Hormuz, including designated routes and service fees, that will...

Iran is preparing to introduce a new mechanism that would require ships to pay fees before passing through the strategic Strait of Hormuz, amid growing regional tensions involving…

Iran is introducing a new system for the Strait of Hormuz. Commercial ships and nations cooperating with Tehran will receive priority passage. Specialized services will incur…