Tehran has launched a formal body to manage and charge ships for transit through the Strait of Hormuz in a highly-contested move as tankers pile up in the waterway and peace talks remain deadlocked.

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…

Iranian state television claimed on Saturday that European countries were in talks with Tehran over transit for ships through the Strait of Hormuz.

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…