Hormuz traffic dips to lowest since May after US, Iran clashes; US energy secretary says there may not be a nuclear deal, but Iran's ability to build bomb could be destroyed

Iran plans to declare a restricted zone in the Strait of Hormuz, threatening sanctions on vessels that transit without authorization from Tehran.

Iran's top security official has announced that the country will be establishing a new restricted zone in the Persian Gulf. This move comes amid ongoing tensions in the region,…