Iran Officially Announces New Body to Manage Strait of Hormuz: Top Security Council
- On Monday, Iran's top security body announced formation of the Persian Gulf Strait Authority to manage the Strait of Hormuz, which Tehran has effectively closed to exercise sovereignty and charge transit tolls.
- Since the US-Iran war began February 28, Iran has repeatedly stated maritime traffic would "not return to its pre-war status," while the United States maintains a naval blockade on Iranian ports.
- Fatih Birol, head of the International Energy Agency, reported Monday that commercial oil inventories are depleting rapidly due to the closure, with strategic reserves adding 2.5 million barrels per day but "are not endless."
- Iran's foreign ministry spokesperson Esmaeil Baqaei said Monday peace talks are "continuing through the Pakistani mediator," while President Donald Trump warned Iran must move quickly toward a deal or face severe consequences.
- The United Nations demanded Israel prevent acts of "genocide" in Gaza and decried indications of "ethnic cleansing" in Palestinian territory, while Turkey denounced Israel for a "new act of piracy" against a Gaza-bound aid flotilla.
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40 Articles
Iran forms new maritime agency to control Hormuz Strait traffic
Iran’s top security body has formed a new authority to manage Hormuz Strait traffic, effectively controlling the vital waterway and charging ships tolls. Read More: https://punchng.com/iran-forms-new-maritime-agency-to-control-hormuz-strait-traffic/
Iran announced on Monday the establishment of the Persian Gulf Strait Authority (PGSA) to manage traffic in the Ormuz Strait, still controlled by Tehran.
Iran Establishes the Persian Gulf Strait Authority to Regulate Hormuz Passage
Iran has launched the Persian Gulf Strait Authority (PGSA) to oversee the Strait of Hormuz, a key oil shipping route. The PGSA will regulate maritime traffic ensuring compliance with new regulations. This move marks Iran's effort to exercise sovereign control over this strategic waterway, amid regional tensions.
On Monday, Iran announced that it had officially created a structure to, among other things, centralize information on ships operating in the Strait of Ormuz. It is also a matter of charging them rights of way.
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