Jump to contentAllNewsSportCultureLifestyleIran has announced plans to establish a new exclusion zone and sanctions for ships attempting to pass through the Strait of Hormuz. Mohsen Rezaei, secretary of Iran’s supreme national security council, stated the waterway will only fully reopen once the US stops its attacks, threats, and sabotage. Any vessels entering the newly designated restricted area outside the waterway face being added to an Iranian sanctions list. Renewed weekend exchanges of fire between US and Iranian forces pushed oil prices up to $93 per barrel and reduced shipping traffic to its lowest level since May. The US claimed strikes on three Iranian oil tankers after Iran’s Islamic Revolutionary Guard Corps fired ballistic missiles at two American naval vessels. In fullIran-US war latest: Tehran sets up potential clash with US Navy through ‘exclusion zone’ in Strait of HormuzMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

Iranian security chief threatens sanctions on transit ships as US blockade and tanker strikes escalate tensions.

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