The Supreme National Security Council of Iran has announced the establishment of the Persian Gulf Strait Authority (PGSA) to provide real-time updates on the operations of the Strait of Hormuz and its developments. The new body aims to manage the strategic waterway and potentially charge ships to traverse it.
The Persian Gulf Strait Authority would provide" real-time updates " on Hormuz Strait operations and developments, said Iran's Supreme National Security Council. Add CNA as a trusted source to help Google better understand and surface our content in search results.
TEHRAN: Iran's top security body announced on Monday the formation of a new body to manage the Strait of Hormuz, which Tehran has effectively closed and wants to charge ships to traverse. On its official X account, the Supreme National Security Council shared a post for the Persian Gulf Strait Authority saying it would provide"real-time updates on the #Hormuz_Strait operations and latest developments".
It was not immediately clear what the new body would do, but earlier this month, Iranian English-speaking broadcaster Press TV said it constituted a"system to exercise sovereignty over the Strait of Hormuz" and that ships passing through the strait were sent"regulations" from the emailIran's grip over the waterway has rattled global markets and given Tehran significant leverage, while the United States has imposed its own naval blockade on Iranian ports. In peacetime, the route accounts for roughly a fifth of global oil and liquefied natural gas shipments, along with other key commodities including fertiliser.
Since the war began, Iran has repeatedly said that maritime traffic through the strait would"not return to its pre-war status" and last month it said it had received the first revenue from tolls on the waterway. On Saturday, Ebrahim Azizi, head of the Iranian parliament's national security commission, said Iran"has prepared a professional mechanism to manage traffic" through the strait, adding that it will be"unveiled soon".
Persian Gulf Strait Authority Iran's Top Security Body Hormuz Strait Operations Real-Time Updates Recent Developments Maritime Traffic Iranian State News Channel Iranian Parliament's National Security Commiss Ebrahim Azizi Iranian English-Speaking Broadcaster Press TV
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iran's Strained Influence on Global Markets and European Engagement Despite US & Israel PressureIran has largely maintained control over the Strait of Hormuz, restricting commercial shipping since the outbreak of war with the United States and Israel. Only certain countries, such as East Asian nations and China, have managed to gain permission to pass. However, Europeans are now reported to be engaging in negotiations with the Revolutionary Guards Navy to traverse the vital waterway.
Read more »
Iran's Blockade of Shipping Through the Strait of Hormuz and Its Impact on Global MarketsIran has largely blocked shipping through the vital strait since the outbreak of war with the United States and Israel on Feb 28. The passage of ships from East Asian countries, notably China, Japan, and Pakistan, has led to negotiations with the Revolutionary Guards navy for Europeans to pass. Iran has received revenue from tolls imposed on the waterway and is preparing a professional mechanism to manage traffic. The United States has imposed its own naval blockade on Iranian ports, while the ceasefire remains fragile.
Read more »
US President Trump Proposes Abolishing Sanctions on Chinese Oil Companies Buying Iranian Oil as He Meets XiDuring a trip to Beijing, US President Donald Trump acknowledged a commitment from Chinese President Xi Jinping to pressure Iran into reopening the crucial Strait of Hormuz. Meanwhile, Trump hinted at considering lifting US sanctions on Chinese oil companies buying Iranian oil, acknowledging that when asking for favors, one must also be willing to reciprocate. Reports emerged of Iran preparing a mechanism to manage traffic through the strait, with only cooperating parties being allowed to benefit. The US and Israel had launched airstrikes on Iran on February 28, causing significant disruption to global oil supply and leading to the worst oil supply crisis in history.
Read more »
US President Warns Iran, Stalled Peace Talks, and Drone Strike in Abu DhabiThe news text discusses the US President's warning to Iran, the stalled peace talks between the two countries, and a drone strike near a nuclear power station in Abu Dhabi. The text also mentions the role of Pakistan in mediating the peace talks and Iran's chief negotiator's statement on the destabilization of the Middle East due to the US and Israeli war with Iran.
Read more »