Iran’s newly formalised Persian Gulf Strait Authority requires vessels to obtain transit authorisation, submit cargo details and pay fees before entering the Strait of Hormuz.

Iran’s newly formalised Persian Gulf Strait Authority requires vessels to obtain transit authorisation, submit cargo details and pay fees before entering the Strait of Hormuz.

Oman has proposed a regional management plan for the Strait of Hormuz. This plan suggests voluntary fees to cover operational costs and services. Iran previously sought to control…