Iran has insisted it will maintain control over the Strait of Hormuz, a key maritime trade route for oil and gas shipments from the Gulf.

Despite Iran’s announcement of a blockade of the Strait of Hormuz, the United States says the strategic waterway remains open to shipping. As military tensions persist, Washington…

The US and Iran have tentatively agreed on a memorandum of understanding that would reopen the Strait of Hormuz and pause fighting for 60 days, but the deal still needs final…