Iran is determined to gain international recognition for its control over the Strait of Hormuz, including the right to levy fees on ships. Despite an interim deal with the U.S. allowing free passage for 60 days, Tehran insists on permanent control and will not negotiate other disputes until this is agreed.

Iran demands full control of the Strait of Hormuz and proposes Hormuz Safe, a Bitcoin-settled maritime insurance platform expected to generate over $10

The Strait of Hormuz has become the center of a fresh geopolitical confrontation as Iran insists its control over the strategic waterway is "non-negotiable." While the U.S.…