Iran's IRGC Navy mandates designated routes and permits for foreign vessels in the Strait of Hormuz, raising concerns over oil prices and market volatility.

TEHRAN: Iran’s Revolutionary Guards on Thursday warned against any crossings of the Strait of Hormuz without authorization, saying vessels not complying “will be dealt with.”The…

Iran's IRGC warns ships to use approved Strait of Hormuz routes only, threatening action against unauthorized transit.