Iran says Strait of Hormuz transit will normalize once security is restored, but its new permit regime and proposed $1/barrel toll suggest permanent control, not a return to free passage.

DUBAI: Iran has begun allowing some Chinese vessels to transit through the Strait of Hormuz following an understanding over Iranian management protocols for the waterway, the…

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…