Iran announces establishment of new authority for Strait of Hormuz management

Tehran (Web Desk): Iran has announced the establishment of a new body named the “Persian Gulf Strait Authority,” claiming a major step toward regulating control over the Strait of Hormuz, one of the world’s most critical maritime passages.

According to international media reports, the proposed authority will introduce a new system requiring all vessels passing through the Strait of Hormuz to obtain official permits in advance. Iran is also said to be considering the imposition of transit fees on ships using this strategic waterway.

The Strait of Hormuz is regarded as one of the most important global trade routes, through which a significant portion of the world’s oil supply is transported. As a result, Iran’s announcement has raised concerns on the international stage.

Experts warn that if fully implemented, the new policy could have far-reaching implications for global trade, particularly in oil transportation and energy markets, potentially affecting supply chains and prices worldwide.