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The Latest Breaking News from PGSA

Iran War Hormuz Toll Could Trigger $136bn Global Chokepoint Scramble, Analysts Warn

Iran's tolls on the Strait of Hormuz could set a precedent for other nations, potentially reshaping global trade costs and impacting consumer prices worldwide.

International Business Times UK

Dow futures drop as first day of U.S.-Iran talks sees Trump threaten Tehran on Hormuz: 'You close it and you won’t have a country'

He also said the U.S. may take over the strait, adding "I'll blow the s--t out of them. If they don't make a deal, we'll collect tolls."

Fortune

Shipping companies will decide when the Strait of Hormuz is truly open—not the U.S. or Iran—and the latest deal is already sowing confusion

"Will the Iranian announcement be enough to deter them? Or will Iran need to resort to force and directly violate the MOU's terms?"

Fortune

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read the most diverse news in one place.

New regime over Hormuz? How Iran seeks to tighten control after US peace deal

Iran's new Strait Authority is mandating insurance for ships in the Strait of Hormuz, raising fears of future passage fees. While currently free, this move follows a 60-day interim agreement to restore traffic. Observers suggest Iran is establishing a new regulatory framework, potentially challenging international maritime law. Discussions with Oman…

The Times of India

Iran demands ships apply to use Strait of Hormuz in snub to UK and G7 allies

Tehran’s Persian Gulf Strait Authority says vessels have to request passage through the strategic waterway.

Evening Standard

The U.S. and Iran have signed a peace deal. How long will it take for oil flows in Asia to return to normal?

Even with the Strait of Hormuz open, it will take months for oil flows and prices to return to pre-war levels.

Fortune

Iran's IRGC says 28 ships passed through Strait of Hormuz in the last 24 hours

Iran's IRGC reports 28 ships transited the Strait of Hormuz under its security. The IRGC states the Persian Gulf's insecurity stems from US actions. Iran recently launched a new body to manage maritime traffic in the strait. The US has imposed sanctions on this body, accusing Iran of extortion.

The Economic Times

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US Warns Of Sanctions Risk If Deals On Strait Of Hormuz Passage Are Struck

The Strait of Hormuz is a key waterway that connects the Persian Gulf to the rest of the world though which a fifth of the world's energy transit was routed. After the US-Israeli strikes began on February 28, the passage of vessels through the Strait has been hit, severely disrupting…

International Business Times

US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved

America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard…

The Economic Times

Iran says it is charging fees for 'navigational services' through Strait of Hormuz

Iran effectively shuttered the crucial waterway in the early days of the war and in mid-April the US responded by imposing its own blockade on Iranian ports.

Euronews

US Senator urges sanctions on entities paying Iran for passage via Strait of Hormuz

US Senator Tom Cotton has called on the Treasury Department to sanction entities aiding Iran's control over the Strait of Hormuz. He specifically targets the Persian Gulf Strait Authority, which he says is illegally regulating passage and collecting fees. Cotton emphasizes that any entity facilitating these tolls finances a designated…

The Economic Times

Iran asserts jurisdiction over UAE and Oman waters in new Strait of Hormuz map

Five Gulf states have formally warned shipping companies through the IMO not to comply, as analysts say Iran is deliberately expanding its claimed zone beyond even its own initial boundaries in a step-by-step assertion of territorial control.

Euronews

Iran sets up Hormuz transit authority to charge ships for passage

Tehran has launched a formal body to manage and charge ships for transit through the Strait of Hormuz in a highly-contested move as tankers pile up in the waterway and peace talks remain deadlocked.

Euronews

Iran Launches Persian Gulf Strait Authority as Tehran and Washington Battle for Control of Hormuz

Iran has launched the Persian Gulf Strait Authority, requiring ships to register and pay tolls to transit the Strait of Hormuz, escalating tensions with the US over control of this vital waterway.

International Business Times UK

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