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…

The newly-launched Persian Gulf Strait Authority (PGSA) defined the boundaries of the Strait of Hormuz management supervision area

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.

The Persian Gulf Strait Authority released a map showing its “areas of oversight” extending to the United Arab Emirates’ ports, eliciting a rebuke from a senior Emirati official.

Iran has announced it is expanding its control over the Strait of Hormuz into foreign territory, angering neighbouring countries.

Iran is asserting unprecedented control over the strategically critical waterway, with ships reportedly facing screening processes, transit approvals and potential Bitcoin-backed…

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 and Oman are negotiating permanent Strait of Hormuz transit fees up to $2M per vessel, with Bitcoin and yuan accepted. Revenue could reach $8B annually.

Iran's new Persian Gulf Strait Authority will charge formal transit fees in the Strait of Hormuz, with reports suggesting Bitcoin and USDT as payment options.

Iran's newly created Persian Gulf Strait Authority has declared authority over strait passage as U.S.-Iran peace negotiations remain deadlocked

Talks over possible transit and service charges come despite US warnings, as Iran’s blockade disrupts shipping and Tehran seeks new ways to bypass sanctions

Five Gulf states have formally warned shipping companies through the IMO not to comply, as analysts say Iran is deliberately expanding its claimed zone beyond even its own initial…

Iran's new tiered Strait of Hormuz transit system prioritizes Russian and Chinese vessels, charges non-allies up to $2M, and accepts Bitcoin and crypto payments.

Iran has moved to formalise its control over the Strait of Hormuz, one of the world’s most important maritime chokepoints, by launching a new authority that now requires vessels…