Iran has launched a controversial permit and toll system in the Strait of Hormuz, deepening its control over one of the world’s most critical energy shipping routes amid escalating conflict and competing U.S. enforcement actions.

Iran has seized control of the Strait of Hormuz, cutting vessel traffic by over 85% and removing 11 million barrels per day from global supply, with ripple effects hitting crypto…

Iran is cementing its control over the Strait of Hormuz, a key international shipping route, 11 weeks after the start of the war with the United States and Israel.