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 to seek clearance and potentially pay millions of dollars before crossing the strategic waterway

Iran's newly created Persian Gulf Strait Authority said in a post on X on Wednesday there will be a "controlled maritime zone" at the Strait of Hormuz.

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…