Iran's new Hormuz authority claims oversight of UAE and Oman ports while launching Bitcoin-denominated shipping tolls, drawing a sharp rebuke from the UAE.

Iran’s Persian Gulf Strait Authority has announced the creation of a controlled maritime zone in the Strait of Hormuz requiring vessels to obtain authorisation before passing…

Iran’s new body overseeing the Strait of Hormuz said its claimed area of control extends to Emirati waters, drawing a sharp rebuke from the Gulf neighbor.