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

Iran announced a new body to oversee the Strait of Hormuz on Monday, signalling tighter control over the strategic waterway after months of disruption linked to its war with the…

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…